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
|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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