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Lululemon (LULU) Stock Moves -1.95%: What You Should Know
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Lululemon (LULU - Free Report) closed the most recent trading day at $314.11, moving -1.95% from the previous trading session. This change was narrower than the S&P 500's 2% loss on the day. At the same time, the Dow lost 2.06%, and the tech-heavy Nasdaq lost 2.32%.
Prior to today's trading, shares of the athletic apparel maker had gained 1.35% over the past month. This has lagged the Consumer Discretionary sector's gain of 2.04% and the S&P 500's gain of 2.88% in that time.
Lululemon will be looking to display strength as it nears its next earnings release. In that report, analysts expect Lululemon to post earnings of $4.24 per share. This would mark year-over-year growth of 25.82%. Our most recent consensus estimate is calling for quarterly revenue of $2.69 billion, up 26.27% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Lululemon. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. Lululemon is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Lululemon has a Forward P/E ratio of 28.22 right now. This valuation marks a premium compared to its industry's average Forward P/E of 12.96.
We can also see that LULU currently has a PEG ratio of 1.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Textile - Apparel industry currently had an average PEG ratio of 1.28 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LULU in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Lululemon (LULU) Stock Moves -1.95%: What You Should Know
Lululemon (LULU - Free Report) closed the most recent trading day at $314.11, moving -1.95% from the previous trading session. This change was narrower than the S&P 500's 2% loss on the day. At the same time, the Dow lost 2.06%, and the tech-heavy Nasdaq lost 2.32%.
Prior to today's trading, shares of the athletic apparel maker had gained 1.35% over the past month. This has lagged the Consumer Discretionary sector's gain of 2.04% and the S&P 500's gain of 2.88% in that time.
Lululemon will be looking to display strength as it nears its next earnings release. In that report, analysts expect Lululemon to post earnings of $4.24 per share. This would mark year-over-year growth of 25.82%. Our most recent consensus estimate is calling for quarterly revenue of $2.69 billion, up 26.27% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Lululemon. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. Lululemon is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Lululemon has a Forward P/E ratio of 28.22 right now. This valuation marks a premium compared to its industry's average Forward P/E of 12.96.
We can also see that LULU currently has a PEG ratio of 1.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Textile - Apparel industry currently had an average PEG ratio of 1.28 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LULU in the coming trading sessions, be sure to utilize Zacks.com.