Lululemon Athletica Inc. (LULU), styled as lululemon athletica, is a Canadian athletic apparel retailer. It is self-described yoga-inspired athletic apparel company and a designer and retailer of technical athletic apparel, which produces a clothing line and runs international clothing stores from its company base in Vancouver, British Columbia, Canada. The company makes a number of different types of athletic wear, including performance shirts, shorts, and pants, as well as lifestyle apparel and yoga accessories. The firm has been a magnet for numerous controversies including product recalls, product quality issues, overpriced merchandise, making misleading statements to artificially inflate its stock price, marketing efforts that exclude overweight customers, accusations by shareholders of fraud, false advertising and controversial statements by a founder. They sell their clothing internationally. Key competitors include Athleta, Nike and Under Armour.
Does LULU drop down and breakthrough support, or bounce back up and head up to the near 70's? It appears to have corrected itself after it's jump on earnings. I wonder if the Under Armour (UA) issues will have any impact on how this one plays out. I don't think this one will drop down under 60 and then it may head back up to 65 or 70.
Nice one! This looks like a bit of a panic sell off here, is something horrible happening with yoga pants sales? If not, I think long here with a stop at $60 is a good knife catching strategy!
Looks like some decent support around this area with more support at the 200MA as well. Could be a decent entry point up to the $66-68 range.
Lululemon founder Wilson rips board for 'dismal' performance Lululemon (LULU) founder Chip Wilson has taken aim at the athletic apparel company's board, pushing for reforms amid what he calls "dismal" financial performance. Read full article here: http://www.msn.com/en-us/money/comp...-rips-board-for-dismal-performance/ar-BBtKM17
Reported before open today (6/8/16) Earnings: EPS $0.30 Revenue $495.5M Estimates: EPS $0.30 Revenue $488M Up 5.31% today so far
OW! - 9% Lululemon (LULU) Stock Tumbles on Q2 Results, Guidance NEW YORK (TheStreet) -- Shares of Lululemon Athletica (LULU) were slipping 9.14% to $69.65 on heavy trading volume mid-Friday morning after the company posted revenue for the 2016 second quarter that missed estimates and a soft profit outlook after yesterday's close. Following the report, Morgan Stanley downgraded shares of the Vancouver-based athletic retailer to "equal weight" from "overweight," cutting its price target to $70 from $74 this morning.
“LULU remained the clear traffic outlier in specialty with traffic levels consistently above peers,” the analyst mentioned, while adding, “Customers have responded well to the newest merchandise deliveries and gifting assortment, and clearance levels had also sold down meaningfully by the third week of December.” http://www.benzinga.com/analyst-rat...ulemon-traffic-remains-an-outlier-in-december
Closed one gap, with more room to close another. Flirting with the 200MA and bouncing off it as support.
Shares of Lululemon ($LULU) moved sharply lower in pre-market trading after the yoga wear maker reported weaker than expected fourth quarter earnings and provided disappointing guidance for the current quarter.
