SAN DIEGO, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Lululemon Athletica Inc. (NASDAQ: LULU) securities between December 7, 2023 and July 24, 2024. Lululemon is principally a designer, distributor, and retailer of technical athletic apparel, footwear, and accessories. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. ...

SAN DIEGO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of lululemon athletica inc. (NASDAQ: LULU) securities between December 7, 2023 and July 24, 2024, inclusive (the “Class Period”), have until October 7, 2024 to seek appointment as lead plaintiff of the lululemon class action lawsuit. Captioned Patel v. lululemon athletica inc., No. 24-cv-06033 (S.D.N.Y.), the lululemon class action lawsuit charges lululemon and certain of lululemon’s top exec ...

lululemon athletica inc. (LULU) has displayed a choppy graph in recent months, operating against a backdrop of curtailed consumer discretionary spending, owing to rising inflation and higher interest rates. Additionally, the company's strong presence in the mature North America market and recent inventory challenges have contributed to a decrease in its share price. As a result, this Vancouver-based retailer of luxury athletic apparel, footwear and accessories hit a new 52-week low of $226.01 on Aug 5, 2024 ...

This fashion innovator is struggling to win over investors.It's been a difficult ride for Lululemon Athletica (LULU 2.77%) investors this year as shares have cratered some 54%. The business that singlehandedly created the athleisure apparel category is facing slower growth and heightened competition that is undoubtedly scaring shareholders.But Lululemon's bulls hope things can turn around for the better. With that being said, where will this consumer discretionary stock be in three years?Doing the same thin ...

Core Viewpoint - Lululemon Athletica is facing challenges due to the failed launch of its Breezethrough leggings, leading to a significant decline in stock price and analyst ratings, but the company remains a strong business with potential for recovery [1][2][3]. Financial Performance - Lululemon generated nearly $10 billion in trailing-12-month revenue and expects to generate between $10.7 billion and $10.8 billion in fiscal 2024, indicating a robust business foundation [3]. - The company's price-to-sales (P/S) valuation has been cut in half recently, reflecting a dramatically reduced growth rate [3]. Product Innovation - The Breezethrough lineup was made with a new fabric called hydrogen yarn, developed in collaboration with LanzaTech, but the product's design was criticized, leading to its removal from shelves [4]. - Management plans to redesign and relaunch the Breezethrough line, as the issues appear to be design-related rather than fabric-related [4]. Growth Outlook - Management had previously guided for better sales growth in the second half of fiscal 2024, but the removal of the Breezethrough line may hinder achieving those goals [4]. - Despite current challenges, Lululemon is considered a long-term investment opportunity due to its profitability, lack of debt, and historical growth [5]. Market Sentiment - The stock is currently trading at approximately 21 times its trailing earnings, which is the lowest ratio in over 10 years, but the apparel sector typically commands lower valuations [5]. - There is a possibility that Lululemon's stock may continue to decline in the short term as investor interest wanes, but the company is expected to remain financially stable and could eventually find ways to reaccelerate growth [6].

The apparel brand is going through a rough patch with new product launches.It has been a tough year for Lululemon Athletica (LULU -5.24%). The stock has fallen a whopping 50% just in 2024, which is the deepest drawdown of the last 10 years. As a successful apparel brand that popularized the women's leggings category, Lululemon is seeing slowing revenue growth with mounting competition in North America from upstart athleisure brands. However, it continues to grow like gangbusters outside of North America, an ...

Nike's problems might not affect Lululemon as much as the market thinks.Nike (NYSE: NKE) reports quarterly earnings on a different schedule than most public companies, and its updates often give the market a sense of what's happening in retail before they get other earnings announcements. Because Nike plays such a strong role on the retail scene, its performance can be a harbinger of what's to come. For example, at the end of 2021, it was Nike that gave some of the earliest indications of the supply chain c ...

Goldman Sachs analyst Brooke Roach downgraded Lululemon Athletica Inc. LULU to Neutral from Buy, lowering the price forecast from $463 to $286.Following recent execution challenges, lackluster innovation launches, and rising evidence of more regular promotionality, the analyst sees more balanced risk-reward for the stock.The analyst flags that Lululemon’s store traffic has declined in each month of 2024, which marks a material slowdown compared to the 2023 trend. Traffic versus the key peers has also been f ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Read More: ...

Lululemon Athletica Inc. (NASDAQ: LULU), a leading name in the athletic apparel industry, has seen its stock value plummet by nearly 50% this year, despite reporting solid revenue growth.The steep decline in LULU’s share price can be linked to a combination of financial pressures, supply chain issues, and several notable analyst downgrades.LULU stock price performance YTD. Source: Finbold.comFirst quarter earnings summary for LULU stockLululemon’s first quarter earnings report showcased strong financial per ...