Wall Street Strategies Reiterates a 'Sell' on Lululemon Athletica (LULU); Another Wow Quarter
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Price: $78.46 -3.68%
Rating Summary:
12 Buy, 10 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
12 Buy, 10 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade LULU Now!
Wall Street Strategies reiterates a 'Sell' on Lululemon Athletica Inc. (NASDAQ: LULU).
WSS analyst, Brian Sozzi, said, "We are reiterating our sell rating on the stock citing none other than valuation concerns. That call is underlined by the risk to future earnings from natural retailer growing pains, new competitors entering the sector, and the unknown consumer response in 2H11 to even pricier wares from an already pricey shopping experience in Lululemon."
For more ratings news on Lululemon Athletica Inc. click here and for the rating history of Lululemon Athletica Inc. click here.
Shares of Lululemon Athletica Inc. closed at $79.35 yesterday, with a 52 week range of $31.08-$85.28.
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WSS analyst, Brian Sozzi, said, "We are reiterating our sell rating on the stock citing none other than valuation concerns. That call is underlined by the risk to future earnings from natural retailer growing pains, new competitors entering the sector, and the unknown consumer response in 2H11 to even pricier wares from an already pricey shopping experience in Lululemon."
For more ratings news on Lululemon Athletica Inc. click here and for the rating history of Lululemon Athletica Inc. click here.
Shares of Lululemon Athletica Inc. closed at $79.35 yesterday, with a 52 week range of $31.08-$85.28.
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