PREVIEW: Lululemon shares down, results due after the closing bell

Shares of Lululemon Athletica LULU.O are down 1.8% in trading Thurs, with the co seen reporting an increase in yr-over-yr rev but a decline in EPS when it reports quarterly results, due after the closing bell

Analysts expect Q3 rev of $2.484 bln vs $2.397 in the yr-ago period and EPS of $2.25 vs $2.87 a yr ago, according to LSEG

In October, Lululemon announced a partnership with the National Football League to release an apparel collection

The median 12-mo PT on the company is $190; the stock was last at $184.31

Analyst recommendations on the stock include four "strong buy" or "buy" ratings, 26 "hold" ratings, one "sell" rating and one "strong sell" rating, per LSEG

Investors are closely watching results from retailers with the holiday shopping period now under way and concerns continuing about a cooling U.S. labor market and sticky inflation

LULU is down about 52% YTD compared with a roughly 22% gain in the Nasdaq .IXIC in that period