Lululemon Athletica Inc. (LULU) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LULU, as the stock is now down little over 10% since Apr 9, 2014.
This slump shouldn’t be too much of a surprise to investors, as the athletic apparel company has seen 22 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
LULU currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the apparel-shoe industry may consider better-ranked stocks like Bebe Stores, Inc. (BEBE), American Apparel, Inc. (APP) and Foot Locker, Inc. (FL). All these stocks carry a Zacks Rank #2 (Buy).
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