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Paris Olympics opening ceremony will include Team USA in Ralph Lauren uniforms

Team USA will be putting its most fashionable foot forward during the Olympic ceremonies in Paris, and so will athletes representing other countries.For the 2024 Summer Olympics, America's team...

The Law Offices of Frank R. Cruz Announces Investigation of Lululemon Athletica Inc. (LULU) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Lululemon Athletica Inc. (Lululemon or the Company) (NASDAQ: LULU) on behalf of investors concerning the Companys possible violations of...

BTIG drops Lululemon price target, but remains a buy rating

BTIG drops Lululemon price target, but remains a buy rating...

Why Lululemon Stock Fell to Its Lowest Level Since 2020 on Thursday

The Stock Was the Biggest Decliner on the Nasdaq Composite

 Sebastian Ng / SOPA Images / LightRocket / Getty Images

 Key TakeawaysConcerns about Lululemon 's earnings in a slowing...

Shares of Lululemon Athletica Inc plunged over 9% on Thursday after the stock witnessed a triple downgrade from major Wall Street brokerages. Retail sentiment remained sour with the sentiment meter trending in bearish territory (27/100) supported by extremely high message volume. Thursday’s slide took the stock to its lowest level in four years.<figure class="image"><img style="aspect-ratio:1588/450;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_25_at_2_40_23_PM_7cb6c741ae.png" alt="Retail sentiment trends in bearish territory for Lululemon" width="1588" height="450"><figcaption>Retail sentiment trends in bearish territory for Lululemon</figcaption></figure>Citi analysts reportedly downgraded the stock from ‘Buy’ to ‘Neutral’ while reducing the price target to $300 from $415. The analysts believe the firm’s lackluster product group has made it vulnerable to tough competition and promotional pressures in the coming times.“Category weakness and a tougher macro backdrop make it unlikely LULU sees a reacceleration in US trends in 2H,” the analysts said according to a report.According to a Bloomberg report, a Lululemon spokesperson said that the firm has hit the pause button on the sales of its Breezethrough yogawear to make the necessary adjustments to deliver the best possible product experience.Following the report, JPMorgan reportedly removed the stock from its list of top stock picks. The firm also reduced its price target on the stock to $338 from $457 while maintaining an ‘Overweight’ rating. Meanwhile, TD Cowen also reportedly lowered its price target on the stock to $420 from $447. What is worth noting here is the fact that even the lowest price target — $300 by Citi — is significantly above Lululemon’s current price of about $251.The stock has faced a steep decline of more than 50% of its value on a year-to-date (YTD) basis. Still, retail investors are viewing this less as a long-term discount to buy, but rather a value trap given the company’s challenging fundamentals.One user named ‘Mamafox’ appeared convinced on the negative fundamentals stating that "no one is buying the dip” in this crash.<figure class="image"><a href="https://stocktwits.com/Mamafox/message/580722347"><img style="aspect-ratio:1582/264;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_25_at_2_41_32_PM_7dd9f8be05.png" alt="Stocktwits user Mamafox's post on Lululemon" width="1582" height="264"></a><figcaption>Stocktwits user Mamafox's post on Lululemon</figcaption></figure>Photo Courtesy: Wikipedia

Wall Street Punishes Lululemon With A Triple Downgrade: Retail Investors Agree

Analysts from Citi, JPMorgan and TD Cowen downgraded the stock citing weakness and tough macro backdrop. Following the downgrade, the stock plunged over 9% to new four-year lows and retail sentiment remained bearish.

Lululemon Stock Downgraded by Citi, JPMorgan, Td Cowen

Equity

Midday stock movers: Ford slumps, Tesla, Lucid, and American Airlines up today

The stock market is rising modestly after Wednesday's wipeout, with the S&P 500 up 0.64% and the Nasdaq Composite up 0.58%. The Dow Jones Industrial Average added 0.94%, and the Russell 2000 is up...

Lululemon Athletica's Latest Snafu: Pausing the New Legging Collections

Lululemon Athletica's Latest Snafu: Pausing the New Legging Collections...

Lululemon downgraded, Birkenstock upgraded: Wall Street's top analyst calls

Lululemon downgraded, Birkenstock upgraded: Wall Street's top analyst calls...

Futures Drop As Japan, European Stocks Tumble On AI Bubble Bursting Fears

Futures Drop As Japan, European Stocks Tumble On AI Bubble Bursting Fears

 US equity futures are lower but well off their worst levels, after a rout in Japan sent the Nikkei tumbling...

Investigating Lululemon Athletica's Standing In Textiles, Apparel & Luxury Goods Industry Compared To Competitors

lululemon athletica, Inc. engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories. It operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The company was founded by Dennis James Wilson in 1998 and is headquartered in Vancouver, Canada.

Volume	4.12M
52-Wk High	$516.39
52-Wk Low	$245.59

LULU Lululemon Athletica inc.

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