Lululemon Athletica Inc. LULU was a big mover last session, as the company saw its shares rise more than 7% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $57.55 –$62.53 in the past one-month time frame, witnessed a sharp increase on Friday.
The move came after the company reported robust second-quarter fiscal 2017 results.
The company has seen one positive estimate revision in the past one month, while its Zacks Consensus Estimate for the current quarter has remained unchanged over the same time frame. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Lululemon currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Textile – Apparel industry is Gildan Activewear Inc. GIL, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is LULU going up? Or down? Predict to see what others think: Up or Down
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment