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Lulemon (LULU) in Focus: Stock Plunges 15.9%
June 13, 2014

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Lululemon Athletica Inc. (LULU - Free Report) saw a big move last session, as the company’s shares fell by nearly 16% 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 almost 18% since May 23, 2014.
 
The apparel-shoe retailer has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 2 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
 
LULU currently has a Zacks Rank #3 (Hold).
 
Some better-ranked stocks in the same industry include, Citi Trends Inc. , Foot Locker, Inc. (FL - Free Report) and The Men's Wearhouse, Inc. . While Citi Trends carries a Zacks Rank #1 (Strong Buy), Foot Locker and Men's Wearhouse hold a Zacks Rank #2 (Buy).
 
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