NEW YORK (TheStreet) -- Shares of Lululemon Athletica Inc (LULU) are down 3.98% to $61.28 in midday trading Monday, one day ahead of the yoga apparel retailer's first quarter earnings release before the opening bell Tuesday.
Lululemon is expected to report a profit of 33 cents per share on revenue of roughly $418.94 million, according to analysts surveyed by Thomson Reuters.
This morning, analysts at Janney Capital Markets reiterated their "neutral" rating with a price target of $68, while analysts at Oppenheimer kept Lululemon as their top pick ahead of earnings.
For the second quarter, analysts are expecting earnings of 34 cents per share on revenue of roughly $439.78 million, according to analysts polled by Thomson Reuters.
Canada-based Lululemon Athletica offers a range of yoga-inspired performance apparel and accessories for women, men and female youth such as fitness pants, shorts, tops and jackets, which are designed for healthy lifestyle activities.
Insight from TheStreet's Research Team:
Michael Khouw commented on Lululemon in a recent post on ActionAlertsOPTIONS.com. During the most recent weekly roundup, this is what Khouw had to say about the stock:
What to watch: AAP sold out of the holding last week, while we recommend no changes at this time. As options traders, we have the flexibility of time because of the expiration component. LULU is interesting because it is part of the athleisure movement that caters to the millennials and a more fashion- forward crowd and the company has been the catalyst for making performance wear trendy outside of the gym.