Lululemon Athletica Inc (NASDAQ: LULU) stock suffered a major decline of -15.8% on 3/22/24. The shares closed at $403.19. Moreover, trading volume in this decline was exceptionally high at 1193% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -14.2% during the last week.
Current PriceTarget Research Rating
LULU is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Lululemon Athletica has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Lululemon Athletica has a slightly negative Appreciation Score of 39 but a very high Power Rating of 90, with the Positive Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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