Retailers LULU, NKE & TIF Continue Downward Spiral; One Stock Bucking Trend - Protecting Its House
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Price: $115.69 -3.15%
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Shares on Lululemon Athletica (Nasdaq: LULU) are trading down another 2.6% today and have lost approx. 23% since hitting a 52-wk high ($81.09) on May 2, 2012.
According to StreetInsider.com's Rating Insider, there are currently 12 Wall Street firms with 'Buy' ratings, 7 with 'Neutral' and 3 'Sell'.
Shares of LULU are mimicking other retailers like Tiffany (NYSE: TIF) and Nike (NYSE: NKE) which has fallen from double-digit percentage over the past few months. Although one stand out is Under Armour (NYSE: UA), which has bucked the trend, moving mainly higher for almost the past six months.
Heading into the summer season, consumer spending has slowed, and there is continued macro concerns. The next catalyst for these retailers may be the back-to-school season.
According to StreetInsider.com's Rating Insider, there are currently 12 Wall Street firms with 'Buy' ratings, 7 with 'Neutral' and 3 'Sell'.
Shares of LULU are mimicking other retailers like Tiffany (NYSE: TIF) and Nike (NYSE: NKE) which has fallen from double-digit percentage over the past few months. Although one stand out is Under Armour (NYSE: UA), which has bucked the trend, moving mainly higher for almost the past six months.
Heading into the summer season, consumer spending has slowed, and there is continued macro concerns. The next catalyst for these retailers may be the back-to-school season.
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