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Lululemon (LULU) Looks Good: Stock Adds 6.4% in Session
Lululemon Athletica Inc. (LULU - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 16.8% in the past one-month time frame.
The move came after the company reported a better-than-expected profit and provided an optimistic holiday season forecast.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Lululemon currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
lululemon athletica inc. Price
lululemon athletica inc. Price | lululemon athletica inc. Quote
A better-ranked stock in the Textile - Apparel industry is G-III Apparel Group, LTD. (GIII - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is LULU going up? Or down? Predict to see what others think: Up or Down
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