Previous Close | 131.60 |
Open | 131.60 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 460.00 |
Expire Date | 2024-07-19 |
Day's Range | 131.60 - 131.60 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
As major retailers continue to report earnings this week, investors should be thinking more about the brands filling store shelves. EquitySet CEO Tony Zipparro makes the case for including the top athleisure and apparel brands in your portfolio. "A lot of what we're seeing with names like Nike (NKE), Under Armour (UA, UAA), Lululemon (LULU) is it's really already priced in, right? So if they don't do well, you've seen them fall 20, 30%, whereas yes, there is a chance that they're losing market share. But a lot of that market share is growing... There's reports out that right now around $330 billion in athleisure consumer spending. That is supposed to be at a 9.3% compound annual growth rate until 2030, which puts the market nearly double," Zipparro says, believing these brands are "fine" on their valuations. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
Lululemon (LULU) concluded the recent trading session at $322.98, signifying a -1.25% move from its prior day's close.
VANCOUVER, British Columbia, May 21, 2024--lululemon athletica inc. (NASDAQ:LULU) today announced it is implementing an updated and more integrated organizational structure, in conjunction with the departure of Sun Choe, Chief Product Officer, who has resigned and will leave the company later this month to pursue another opportunity.