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Lululemon: Looking For A Repeat In 2024
Seeking Alpha· 2024-02-15 19:55
Zhang Peng/LightRocket via Getty ImagesLululemon’s (NASDAQ:LULU) stock has been on a strong run, up over 55% since last March when I started the stock with a “Buy” rating. At the time, I noted that it was a growth luxury brand that deserved a premium valuation and that margin and macro worries were overblown. That has thus far proven the case. Back in August, meanwhile, I noted I was a little less bullish in the near term, but that my long-term view was unchanged. LULU was though once again able to post ...
Lululemon (LULU) Stock Declines While Market Improves: Some Information for Investors
Zacks Investment Research· 2024-02-09 23:46
Lululemon (LULU) closed the latest trading day at $470.24, indicating a -0.58% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.57% for the day. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq increased by 1.25%.Shares of the athletic apparel maker witnessed a loss of 2.57% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 2.62% and the S&P 500's gain of 5.0 ...
RL vs. LULU: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-02-06 17:41
Investors with an interest in Textile - Apparel stocks have likely encountered both Ralph Lauren (RL) and Lululemon (LULU) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimat ...
Lululemon (LULU) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-02-02 23:51
In the latest market close, Lululemon (LULU) reached $462.40, with a +0.1% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw an increase of 1.74%.Shares of the athletic apparel maker have depreciated by 6.87% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 2.41% and the S&P 500's gain of 2.93%.The investment communi ...
Why Lululemon (LULU) Outpaced the Stock Market Today
Zacks Investment Research· 2024-02-01 23:56
Lululemon (LULU) closed the most recent trading day at $461.94, moving +1.79% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.25%. On the other hand, the Dow registered a gain of 0.97%, and the technology-centric Nasdaq increased by 1.3%.The the stock of athletic apparel maker has fallen by 8.88% in the past month, lagging the Consumer Discretionary sector's gain of 0.91% and the S&P 500's gain of 1.58%.The investment community will be closely monitoring ...
Lululemon to launch first men's footwear line as it chases growth in crowded athletic apparel space
CNBC· 2024-02-01 14:30
Lululemon is launching its first men's footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space, the company announced Thursday. The retailer is debuting its first casual sneaker, dubbed "cityverse," along with two new running shoes that will all come in both men's and women's styles for the first time. Cityverse will launch Feb. 13, while the new running models will debut in March and May. Lululemon's foray into men's footwear is pa ...
lululemon Expands Its Footwear Offerings with New Casual and Performance Styles, Including the Brand's First-Ever Men's Collection
Businesswire· 2024-02-01 14:30
NEW YORK--(BUSINESS WIRE)--Today lululemon (NASDAQ:LULU) revealed its 2024 spring and summer footwear offering with new casual and performance innovations, including the brand’s first men’s collection. lululemon’s debut casual sneaker, cityverse, will be the first new style to launch, starting on February 13. lululemon also revealed new running models: beyondfeel and beyondfeel trail, which will officially launch on March 19 and in May, respectively. The collection will be available, in both men’s and women ...
3 Top Athleisure Stocks That Still Have Room to Run
InvestorPlace· 2024-01-29 16:50
The athleisure trend is still alive and well. It’s all too convenient for many to go from the mall, home or office to the yoga studio or gym without changing. Given the resilience of today’s leading athleisure brands (especially those in yoga wear), it’s not hard to view the athleisure industry stocks as timeless and considerably less vulnerable to those week-to-week changes in fashion. Undoubtedly, various pieces of clothing can be subject to those 52 “seasons” in a year, but not when it comes to athletic ...
Brokers Suggest Investing in Lululemon (LULU): Read This Before Placing a Bet
Zacks Investment Research· 2024-01-29 15:30
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Lululemon (LULU) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Lululemon currently has an average brokerage recommendation (A ...
lululemon (LULU) on Track With Growth Strategies: Stock to Gain
Zacks Investment Research· 2024-01-22 18:11
lululemon athletica inc. (LULU) is benefiting from continued business momentum and innovative products. The company’s top and bottom lines have been witnessing positive trends on robust traffic in stores and e-commerce. LULU has been capitalizing on the importance of physical retail and the convenience of online engagement, which are expected to boost its performance. It is on track with the Power of Three X2 growth plan.The company reported notable increase in net revenues and earnings per share during the ...