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Lululemon Is On Par With Analysts, But Vetr Crowd Thinks It's Time To Sell

Chris Dier-Scalise

The Vetr crowd downgraded their rating for Lululemon Athletica inc. (NASDAQ: LULU) on Wednesday, from 2 stars (Sell), issued two days ago, to 1.5 stars (Strong Sell). Crowd confidence in Lululemon is split, with 50 percent of Vetr user ratings bullish.

2016 was a volatile year for the athletic apparel company. Share price was on the rise for much of the first half of the year, drawing close to an all-time high, before experiencing a steep 29 percent drop off in August following a Q2 earnings report that showed lower than expected revenue. That trough continued up to December, when the stock spiked after a positive Q3 report.

The stock continued to climb into 2017, where it nearly hit the $70 mark today.

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Currently, the Vetr crowd's average target price for the stock is way down at $58.74, which conflicts with the average analyst target price of $70.94. Less than 2 percent of Vetr users are holding LULU in their watch lists.

Latest Ratings for LULU

Date Firm Action From To
Dec 2016 FBR Capital Upgrades Underperform Market Perform
Dec 2016 Bank of America Upgrades Underperform Neutral
Dec 2016 Evercore ISI Group Upgrades Sell Buy

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