Short Interest in Lululemon Athletica inc. Drops By 9.7% (LULU)
Lululemon Athletica inc. (NASDAQ:LULU) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 24,405,289 shares, a decline of 9.7% from the July 31st total of 27,022,914 shares, Analyst Ratings News reports. Based on an average daily volume of 2,545,452 shares, the short-interest ratio is presently 9.6 days. Currently, 23.3% of the company’s shares are short sold.
Several analysts have recently commented on the stock. Analysts at Davidson downgraded shares of Lululemon Athletica inc. to a “neutral” rating in a research note on Thursday, August 28th. They now have a $44.00 price target on the stock, down previously from $46.00. Separately, analysts at DA Davidson downgraded shares of Lululemon Athletica inc. from a “buy” rating to a “neutral” rating in a research note on Thursday, August 28th. They now have a $44.00 price target on the stock, down previously from $46.00. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of Lululemon Athletica inc. in a research note on Friday, August 8th. Seventeen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.79.
Lululemon Athletica inc. (NASDAQ:LULU) opened at 39.93 on Tuesday. Lululemon Athletica inc. has a 1-year low of $36.26 and a 1-year high of $77.75. The stock has a 50-day moving average of $39.25 and a 200-day moving average of $44.76. The company has a market cap of $5.808 billion and a P/E ratio of 23.60.
Lululemon Athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.19. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $381.21 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that Lululemon Athletica inc. will post $1.74 earnings per share for the current fiscal year.
lululemon athletica inc. is a designer and retailer of technical athletic apparel operating primarily in North America and Australia.
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