Lululemon Cut To 2.5-Star Stock By Vetr Top Raters

Shares of Lululemon Athletica inc. (NASDAQ: LULU) have gained over 13 percent since the start of 2016, but have also lost more than 12 percent over the past year.

Despite the stock's outperformance since the start of the year, the Vetr crowd appears to be unconvinced of Lululemon's prospects moving forward and downgraded the stock's rating to 2.5-stars out of a possible 5 stars.

Related link: Here's how crowdsourced ratings can beat the market.

Shares of Lululemon have fallen to $58.59 since the prior rating of 3 stars was issued 16 days ago.

Despite a downgrade to bear-territory, 76 percent of the crowd's ratings are bullish. On the other hand, the crowd sourced price target of $59.00 implies a near flat performance in the stock moving forward.