Q2 STOCKS TO BUY

LULU Stock Keeps Climbing on Q4 Forecast

A surprising number of analysts are still cautious on the stock

Digital Content Manager
Jan 13, 2020 at 9:32 AM
facebook X logo linkedin


Lululemon Athletica Inc (NASDAQ:LULU) stock is up 2.6% before the open, after the firm lifted its fourth-quarter sales and profit forecast on the heels of a strong holiday sales report. LULU lifted its revenue forecast to a range of $1.37 billion to $1.38 billion, and its earnings to $2.22 to $2.25 per share. 

On the charts, LULU has torn higher these past few months, with an early November pullback captured by its ascending 100-day moving average. More recent support at its 10-day moving average has also helped guide the stock higher, and in the past 12 months Lululemon has added roughly 80%. LULU closed Friday at $234.84, and is set to open at new record highs today.

Despite this recent price action, 10 of the 24 analysts covering the stock still consider it a "hold". What's more, the consensus 12-month price target is right in line with current levels, which could draw some equity boosting upgrades to the table. Just this morning, in fact, MKM Partners upped its price target to $264 from $258.

Options bears have taken a particular interest in LULU of late, too, as evidenced by the stock's 10-day put/call volume ratio of 0.88 on the the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 80% of all other readings from the past year. While calls still outnumbered puts overall, this shows a healthier than usual appetite for long puts. 

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter