Lululemon (LULU) “is Challenged,” Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About.  Lululemon Athletica Inc. (NASDAQ:LULU) is one of the stocks on Jim Cramer talked about.

Lululemon Athletica Inc. (NASDAQ:LULU) is a Canadian apparel retailer whose shares are down by 43% year-to-date. The firm has been the focus of several analysts’ attention in December. For instance, on December 12th, Stifel raised the share price target to $210 from $205 and kept a Hold rating on the shares. In its note, the financial firm discussed that Lululemon Athletica Inc. (NASDAQ:LULU)’s sales in America dipped by 5% in its third fiscal quarter, which marked a two percentage point acceleration over the previous quarter. Stifel added that the retailer was facing trouble with customer loyalty and overall competition. Stifel was joined by BofA, which raised Lululemon Athletica Inc. (NASDAQ:LULU)’s price target to $220 from $185 and kept a Neutral rating on the shares. The bank pointed out that the retailer was spending slightly more than expected to drive traffic during the fourth quarter. Another price target bump for Lululemon Athletica Inc. (NASDAQ:LULU) came on the 12th as Truist increased the target to $200 from $170 and kept a Hold rating. Like Stifel, Truist also pointed towards weak sales in the American region and added that revenue growth came through China sales. Cramer briefly discussed Lululemon Athletica Inc. (NASDAQ:LULU) and called it challenged:

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“LULU is challenged, challenged.”

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Disclosure: None. This article is originally published at Insider Monkey.