Lululemon Athletica (NASDAQ: LULU) Retreats From Life Time HighLululemon Athletica inc.(NASDAQ:LULU) shares opened lower on Monday after hitting an all-time high of $71.41 in the previous trading session.Last week, the stock soared over 5% with most of gains coming the final two days as analyst at Stifel Nicolaus provided multiple positive comments about the company’s business, which were enough to grab the investors attention.The brokerage firm noted that the company’s sales could be positive following an impressive customer feedback on new styles and colors. Furthermore, well established website is another boost for the company’s online sales.The firm also lifted its price target by 10% to $77 a share, which signals a potential gain of over 10% from the current prices.
The firm upped its earnings per share target by 10 cents to $1.65 in FY 2012.The stock is one of the notable outperformers for this year with a YTD of about 48%. Moreover, the company achieved a milestone of $10 billion in market capitalization on Friday.From the technical prospective, the stock is trading well above 50-Day Moving Average and 200-Day Moving Average of $64.55 and $54.97 respectively. The company had total outstanding shares of 143.84 million, of which 99.03 million shares are floating and 10.27% of the total shares are held by Insiders.The company posted a better than estimated quarterly results for all the past four quarters with EPS of 27 cents in the latest quarter, ahead of analysts’ estimates by 2 cents.
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