Why lululemon athletica inc. (NASDAQ:LULU) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $72.11 on lululemon athletica inc. (NASDAQ:LULU) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.13 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of lululemon athletica inc. (NASDAQ:LULU) stands at 33.36.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For lululemon athletica inc., the PEG ratio for coming 3-5 years is 1.94.

Technical Analysis

The technical analysis highlights that lululemon athletica inc. current is trading $-12.08 points away or -15.67% from its 50-day moving average of $77.09. Further it is trading $-4.12 or -5.96% away its 200-day moving average of $69.13.

The 52-week high of lululemon athletica inc. (NASDAQ:LULU) was $81.81 while lowest point recorded in 52-week was $43.14. It implies if stock price makes a movement of over $-16.80, it will record a new 52-week high. In the case of +50.70% drop, it will touch a new 52-week low.

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