|Bid||314.46 x 800|
|Ask||314.65 x 1100|
|Day's Range||312.61 - 316.49|
|52 Week Range||128.85 - 316.49|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||73.40|
|Earnings Date||Jun. 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||243.20|
What happened lululemon athletica (NASDAQ: LULU) shareholders outperformed a booming market last month. The stock jumped 34% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
Having come so far, so fast since the markets crashed in mid-March, lululemon athletica's (NASDAQ: LULU) performance may not have any more room to run, according to one analyst. Wells Fargo analyst Ike Boruchow downgraded Lululemon's stock to equal weight from overweight because shares soared 125% after falling below $129 a share two months ago. Just last Friday, an analyst at Raymond James raised his price target to $335, some 12% above where it was trading at the time, because Lululemon's "innovation machine" gives it a market dominance that only pushes it higher.
In the latest trading session, Lululemon (LULU) closed at $312.30, marking a +1.17% move from the previous day.
Regardless, investors are flocking to buy shares of athleisure-wear specialist lululemon athletica (NASDAQ: LULU), to the point where the shares hit an all-time high on Friday. Analyst Matthew McClintock of Raymond James thinks they could go even higher. McClintock's rationale is that Lululemon, despite a fairly sturdy and long-tail position on its market, continues to push into new areas to keep its customers interested and returning to its stores.
Market participants were initially wary about the possibility of a big rise in tensions between the U.S. and China over recent actions in Hong Kong, but a White House press conference turned out not to be as confrontational as some had feared. The Dow Jones Industrial Average (DJINDICES: ^DJI) lost ground, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) had modest gains. Much of the Nasdaq's outperformance came from a great day for technology stocks, which once again proved how resilient their business models are, even in the face of coronavirus-provoked economic pressures.
On Friday, Raymond James analysts led by Matthew McClintock kept their ‘strong buy’ rating on shares of Lululemon, but raised their price target on the stock to a street-high of $335. The athletic apparel retailer remains a top idea at the firm, as it sees the current crisis only accelerating Lululemon’s favorable positioning as a leader in the athletic apparel market.
lululemon athletica inc. (NASDAQ: LULU) today announced that its financial results for the first quarter fiscal 2020 will be released Thursday, June 11, 2020. The company will host a conference call at 4:30 p.m. Eastern time to discuss the financial results.
Lululemon (LULU) closed at $281.50 in the latest trading session, marking a +0.03% move from the prior day.
Fitness clothing seller lululemon athletica (NASDAQ: LULU) is planning to reopen 200 additional stores over the next 14 days, according to a press release yesterday. The openings will help the company ease away from reliance on e-commerce, though as CEO Calvin McDonald notes, "We are inspired by how our guests have continued to connect digitally through our online offerings and believe Lululemon remains well positioned to help our guests live the sweatlife." Today, an even more prestigious firm weighed in, with investment bank Oppenheimer maintaining its outperform rating.
lululemon Athletica (LULU) has reopened more than 150 store locations across North America, Asia, Europe, Australia and New Zealand. It is set to open another 200 stores over the next two weeks.
(Bloomberg) -- Lululemon Athletica Inc. notched an all-time high Thursday after shares climbed 92% from a low in March as Wall Street bet that those working from home would purchase more athleisure wear.The company’s product categories are in the sweet spot right now, analysts say, including B. Riley FBR’s Susan Anderson. “Casual, active, and lounge-wear is what’s selling; pretty much everyone has said that,” she said in a phone interview Thursday.Before the pandemic, Lululemon’s online sales rose 35% in its last full year, and Anderson expects the growth to have accelerated further this quarter. Meanwhile, many of the company’s physical stores remain closed in North America, with some markets beginning to reopen in accordance with local government mandates.BMO Capital Markets analyst Simeon Siegel agreed Lululemon is an “at-home Covid winner.” But he questioned what that will mean longer term and said the potential risks are not being priced into the stock currently.Stock prices today are dominated by themes, he said in an interview. And right now, people are making purchases in athleisure wear to “recalibrate to their current new norm.” But, do people need to buy more or less fashionable athleisure? Is there a need to have multiple outfits to sit at your desk, home alone? These are among the things Siegel wonders. “When people are working in groups, fashion plays a stronger role, but at home comfort is king.”“It remains to be seen what the financial implications of the pandemic will be, but it seems reasonable to assume the audience of people willing to buy high-priced clothing is not going to get larger,” Siegel said. “The question is: does it stabilize or shrink?”As for the company’s upcoming earnings report, Siegel too is expecting a “strong” online performance. Color around digital performance and initial store reopenings will be what moves the stock, he said.Barclays analyst Adrienne Yih also told clients in a note that “with core customers working from home, we believe ‘work-at-home wear’ consists of comfortable and casual apparel, and Lulu fits the bill.” Based on her view that there will be an increase in people working from home after Covid-19, she boosted her estimates for next year.Anderson and Yih have buy-equivalent ratings on the stock. Siegel rates it a market perform.Lululemon will host an annual meeting on June 3. Fiscal first-quarter results are expected to be reported in the first half of June.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
lululemon athletica inc. (NASDAQ:LULU) today provided details on the company’s phased reopening plan for its global store operations.
Peloton (NASDAQ: PTON) has seen a massive surge in memberships for its interactive workouts, nearly double the year-ago period, while also experiencing the lowest level of customer churn in four years. Twitter and Square have told employees they can work from home forever if they want, instead of coming into the office, while Google parent Alphabet has said its employees will work from home until at least 2021. In a research note to clients, According to thefly.com, Anderson said the twin imperatives resulting from the pandemic are causing her to upgrade her outlook for Lululemon to buy from the previous neutral rating.
A recent survey released by Piper Sandler, which assessed consumer behavior changes amidst COVID-19, concluded that most respondents were generally optimistic about the economy, more than half are spending less since mid-March, and 55% of consumers don’t expect to return to normal spending behavior for >6 months after COVID-19 concerns fade. The Final Round panel breaks down the survey and discusses what the survey means for retailers in a post-coronavirus world.
Yahoo Finance catches up with V.F. Corp CEO Steve Rendle to discuss how the owner of Timberland and Vans is navigating the chopping retail environment.
Is it possible to choose between the two retail giants?The post Better Buy: Canada Goose Stock vs. Lululemon Stock appeared first on The Motley Fool Canada.
On Thursday, Cowen provided investors an update on athletics brands and retailers. The firm has an outperform rating on Lululemon, Nike, and Adidas, and is more neutral on peers VFC, Puma and Under Armour. For Lululemon specifically, the firm found that Google search trends are showing the biggest acceleration in history. The Final Round panel discusses the state of "athleisure" amid coronavirus.
Heritage Capital President and CIO Paul Schatz joins Yahoo Finance’s Zack Guzman and Seana Smith to discuss how the coronavirus is impacting the retail industry.
Amazon (NASDAQ: AMZN) and Lululemon (NASDAQ: LULU) both outperformed the S&P 500's near-40% rally over the past five years by a wide margin. Amazon's stock surged 450% as its e-commerce and cloud businesses locked in customers and crushed competitors. Lululemon's stock rallied 240% as its premium yoga and athleisure apparel retained a loyal base of higher-end shoppers.