Lululemon Athletica Inc. (LULU - Free Report) 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 - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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