In times of such market turmoil a consumer goods company with a 47 P/E is not the place to be, despite the growth. Global uncertainty will have a impact on consumer spending and LULU may be one company that suffers as its products are in the higher price bracket.
AVERAGE ANALYSTS PRICE TARGET $197
AVERAGE ANALYSTS RECOMMENDATION overweight
SHORT INTEREST 3.4%
lululemon athletica , Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.
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