Lululemon, which makes work out apparel, is looking to regain lost customers after a yoga-pants recall.
Sterne Agee analyst Sam Poser believes the company didn't offer a clear strategy for how it will improve sales at its latest presentation: "The company did not provide any updates on its long-short-term financial objectives," he said.
"Management did not address in specific terms plans to reengage with the customer at the store level and reignite new customer acquisition," he added.
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TheStreet Ratings team rates LULULEMON ATHLETICA INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LULULEMON ATHLETICA INC (LULU) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."