TopMarketGainers
Short

LULU's High P/E has to matter in tiles of uncertainty.

NASDAQ:LULU   LULULEMON ATHLETICA INC
2019 has been amazing for LULU investors but clearly some money is been taken off the table, indicators have weakened considerable and in particular momentum which has taken a nosedive.
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
P/E RATIO 47
SHORT INTEREST 3.4%
COMPANY PROFILE
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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