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Analysts, Options Bears Rip Lululemon Athletica Stock
LULUlululemon(LULU) Schaeffers Research·2024-03-22 14:32

Lululemon Athletica Inc (NASDAQ:LULU) stock was last seen down 14.5% at 409.20,despitetheapparelretailerbeatingfourth−quarterearningsandrevenueestimates.What′sweighingonthesharesinsteadisadisappointingannualrevenueforecast,amiddecliningdemandforitsproducts.Thesecurityattractedmultipleprice−targetcutsinresponse,includingonefromWellsFargoto409.20, despite the apparel retailer beating fourth-quarter earnings and revenue estimates. What's weighing on the shares instead is a disappointing annual revenue forecast, amid declining demand for its products.The security attracted multiple price-target cuts in response, including one from Wells Fargo to 425 from 450.The12−monthconsensustargetpriceof450. The 12-month consensus target price of 489.45 is a 20.8% premium to current levels, though, and 20 of the 26 ana ...