Lululemon Athletica Inc. (NASDAQ:LULU) rose 1.08% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 80.6% and is now up by 39.24% since start of this year. A look at its monthly performance shows that the stock has recorded a 17.32% gain over the past 30 days. Its equity price climbed by 19.98% over the past three months which led to its overall six-month increase to stand at 17.83%.
The shares of Lululemon Athletica Inc. (LULU) dropped by -2.16% or -$3.74 from its last recorded high of $173.07 which it attained on April 16 to close at $169.33 per share. Over the past 52 weeks, the shares of Lululemon Athletica Inc. has been trading as low as $91.75 before witnessing a massive surge by 84.56% or $77.58. This price movement has led to the LULU stock receiving more attention and has become one to watch out for. It dipped by -1.56% on Tuesday and this got the market worried. The stock’s beta now stands at 0.53 and when compared to its 200-day moving average and its 50-day moving average, LULU price stands 20.55% above and 10.62% above respectively. Its average daily volatility for this week is 1.87% which is less than the 2.54% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Lululemon Athletica Inc. with most of them predicting a $174.54 price target on a short-term (12 months) basis. The average price target by the analysts will see a 3.08% rise in the stock and would lead to LULU’s market cap to surge to $23.13B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 33 analysts that track Lululemon Athletica Inc. (NASDAQ:LULU) and find out that 12 of them rated it as a Hold. 20 of the 21 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at LULU technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.23 point. Its trading volume has lost -482199 shares compared to readings over the past three months as it recently exchanged 1757801 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2240000 shares, and this is 0.78 times the normal volume.
The price of Dollar General Corporation (NYSE:DG) currently stands at $123.7 after it went down by $-0.15 or -0.12% and has found a strong support at $123.19 a share. If the DG price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $122.69 mark would also be bad for the stock as it means that the stock would plunge by 0.82% from its current position. However, if the stock price is able to trade above the resistance point around $124.43, then it could likely surge higher to try and break the upward resistance which stands at $125.17 a share. Its average daily volatility over the past one month stands at 1.38%. The stock has plunged by 0.23% from its 52-weeks high of $123.42 which it reached on Apr. 16, 2019. In general, it is 29.77% above its 52-weeks lowest point which stands at $86.87 and this setback was observed on May. 31, 2018.
Analysts have predicted a price target for Dollar General Corporation (DG) for 1 year and it stands at an average $122.59/share. This means that it would likely increase by -0.9% from its current position. The current price of the stock has been moving between $123.42 and $124.6623. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $100. On the other hand, one analyst is super bullish about the price, setting a target as high as $139.
The DG stock Stochastic Oscillator (%D) is at 85.56%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.26 which compares to the 1.32 recorded by the industry or the 1613.37 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 17.44, which is lower than the 20.85 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 13.4% over the past five years.
Analysts view Dollar General Corporation (NYSE:DG) as a Buy, with 2 consensus rating. Reuters surveyed 30 analysts that follow DG and found that 10 of those analysts rated the stock as a Hold. The remaining 20 were divided, with 19 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Dollar General Corporation (DG) shares or sell it if they already own it.
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