Why did Credit Suisse Downgrade Lululemon’s Stock?By Ryan Adsit
“We downgrade shares to Neutral, adjust estimates, and lower our Target Price to $53 from $76.”
According to TipRanks.com, Buss is a 1-star analyst with an average return of -1.3% and a 43.2% success rate. Buss covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Gildan Activewear.
Lululemon has an analyst consensus of Moderate Buy, with a price target consensus of $66.67.
The company has a one year high of $81.81 and a one year low of $44.07. Currently, Lululemon has an average volume of 2.52M.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LULU in relation to earlier this year. Most recently, in June 2016, Martin Michael Casey, a Director at LULU bought 15,926 shares for a total of $110,049.
lululemon athletica, inc. designs and retails athletic apparels primarily in North America and Australia. It offers a comprehensive line of apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, running and general fitness. The company operates through corporate owned stores and direct to consumer segments. Its yoga-inspired apparel is marketed under the Lululemon Athletica brand name. lululemon athletica was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.