Today’s Yoga Clothing Stock Tip via Financial Post: “We do not dispute that Lululemon is one of the best growth stories in our coverage universe,” analyst Edward Yruma wrote in a note to clients, changing the recommendation on the stock to underweight from hold. “However we remain concerned that its high-end consumer base ($99 yoga [...]
stock market
Lulu lollies what is the deal? You are NOT getting NAKED ENOUGH! Alert! Despite being up today, Lululemon stock has received a “distressing” two-star rating! That’s not so good, Al. Just a few months back investors were singing the shiny happy praises of the overpriced yoga outfitter. Oh, but that was such a long time [...]
Lululemon Athletica announced 3rd Quarter earnings yesterday and it’s not so pretty! Outlook for 2008 year-end closing forecasts have been scaled wayyy back. From Bloomberg: Lululemon dropped $3.38, or 32 percent, to $7.08 at 4 p.m. in Nasdaq Stock Market composite trading, the steepest decline since the retailer sold shares to the public in July [...]
