Some names in the retail and apparel sectors have made a splash in investors’ monitors in recent weeks, even months. Unfortunately, the attention is founded on seriously bearish price action, like the fact that shares of Lululemon Athletica Inc. NASDAQ: LULU are now trading at only 48% of their 52-week high, which is dangerously close to making a new 52-week low.Another unlikely name to be trading near a 52-week low is Nike Inc. NYSE: NKE. Management issued lower-than-expected financial guidance for the res ...

Key TakeawaysConcerns about Lululemon 's earnings in a slowing retail environment sent shares to their lowest level in more than four years.JPMorgan lowered its price target for the stock and took the company off its Analyst Focus List.Citi also reportedly reduced the price target, and cut its rating. Lululemon Athletica (LULU) shares tumbled to their lowest level since the spring of 2020 as analysts raised concerns about the fashion athletic wear maker’s financial performance in a slowing retail environmen ...

Core Viewpoint - Lululemon Athletica Inc is experiencing significant downward pressure on its stock price due to multiple downgrades from major brokerages, indicating a potential slowdown in the athletic apparel market and increased competition [1][2]. Group 1: Analyst Ratings and Price Targets - JPMorgan Securities downgraded Lululemon to "neutral," removed it from its analyst focus list, and reduced its price target from $457 to $338, citing a "category slowdown" and competition vulnerability [1]. - Citigroup also downgraded Lululemon from "buy" to "neutral," lowering its price target from $415 to $300 [1]. - TD Cowen adjusted its price target from $447 to $420 [1]. - Currently, 19 out of 27 brokerages rate Lululemon stock as "buy" or better, with a 12-month consensus price target of $391.66, representing a 48.4% premium over the last closing price [1]. Group 2: Stock Performance - Lululemon's stock is set to open at more than two-year lows, following a significant decline that has seen it close at its lowest mark since July 2022 [2]. - The stock attempted to rally after a mid-May bear gap but lost momentum in early June just below the $340 level [2]. - If premarket losses persist, Lululemon will add to a year-to-date deficit of 46.8% [2].

Lululemon (LULU) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this athletic apparel maker have returned -8.7%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Textile - Apparel industry, which Lululemon falls in, has lost 6.4%. The key question now is: What could be the stock's future direction?Although media reports ...

The apparel giant is going through a rough drawdown but still growing around the globe.Apparel is a hypercompetitive business. Going through boom and bust trends, the apparel shopper can switch habits on a dime, sometimes to the detriment of investors. Lululemon (LULU -1.72%) investors are feeling this volatility at the moment. The stock is off 43.5% from recent highs as of this writing due to a huge slowdown in its core North American market. Wall Street is worried about upstart competitors taking share in ...

This premium sportswear business possesses many favorable qualities.The main objective of investing in the stock market is to raise your purchasing power over time at a much faster clip than the rate of inflation. This is a more complex way of saying that people want to become rich from the stocks that they own.In the past five years, shares of Lululemon (LULU -1.72%) have risen by only 54%, a huge disappointment when compared to the triple-digit total returns of both the S&P 500 and Nasdaq Composite Index ...

The swoosh has faded in the final stretch, but these other brands are sprinting toward the finish line.Nike (NKE 0.44%) is a dominant global footwear brand, with $33 billion in annual shoe sales. But weak consumer spending trends are revealing holes in Nike's business.In the most recent quarter, Nike's footwear sales were down 6% year over year, which led a slight decline in overall sales. The soft demand trends have sent Nike stock down 60% from its all-time high.Most Wall Street analysts still rate Nike s ...

It's been a disappointing year for this premium apparel stock.Oh, how the mighty have fallen. Since hitting a record of $511.29 at the end of 2023, share prices of Lululemon Athletica (LULU -1.72%) have cratered 44%. This is despite the S&P 500 generating an impressive 18% total return during the same period.To be clear, this apparel stock has still been a massive market outperformer in the past decade (up 650%). However, investors have become pessimistic about the state of the business.What's the best cour ...

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mixetto/E+ via Getty Images Introduction Lululemon (NASDAQ:LULU) cannot seem to catch a break in 2024. Let me list six reasons why I think its share price has plummeted: Shares have fallen by over 40% since the start of the year (they had surged in late 2023 when Lululemon got admitted into the S&P 500) With Lululemon's share price reaching a new 52-week low, investors have capitulated and run for the hills. Chief Product Officer has resigned for a better opportunity, with merchandising missteps in the ba ...