PTON - Peloton Interactive, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
59.16
-1.09 (-1.81%)
At close: 4:00PM EDT
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Previous Close60.25
Open60.85
Bid59.35 x 1000
Ask59.45 x 1100
Day's Range58.91 - 61.36
52 Week Range17.70 - 61.39
Volume5,475,541
Avg. Volume10,631,750
Market Cap16.756B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-2.11
Earnings DateAug. 03, 2020 - Aug. 13, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est55.95
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    Instead, it should be related to offering a fundamentally superior value proposition for customers. The much more attractive offering will result in rapid customer adoption and large market-share gains, such that growth is almost assured, even if the overall economic pie is shrinking due to a recession. Three companies that meet this criteria are Amazon (NASDAQ: AMZN), Peloton (NASDAQ: PTON), and Chewy (NYSE: CHWY).

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    The ailing retailers might learn something from the athleisure wear company's deep dive into home fitness.

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  • Peloton’s Interactive Classes Now Available on Roku
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    Peloton’s Interactive Classes Now Available on Roku

    Peloton Interactive (NASDAQ: PTON) is broadening the availability of its online workout classes by making them accessible through Roku (NASDAQ: ROKU), potentially reaching the streaming platform's 40 million active accounts. The Peloton app became available in the U.S. on July 1, is available in Canada today, and will eventually be available in the U.K. Peloton has been seeking ways to bring in more subscribers to its platform.

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  • Why Peloton Stock Popped Today
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    Why Peloton Stock Popped Today

    Shares of Peloton (NASDAQ: PTON) have popped today, up by 4% as of 2:42 p.m. EDT, after the connected fitness company announced its new Roku (NASDAQ: ROKU) channel. The new Peloton channel will feature thousands of workouts led by instructors and can be accessed with or without a Peloton Bike or Tread. Peloton will sell new subscriptions through the app (entitling Roku to a cut of sales), and existing subscribers can also log in to access the channel.

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    Why Roku Shares Jumped Today

    What happened Shares of Roku (NASDAQ: ROKU) have jumped today, up by 7% as of 12:20 p.m. EDT, after the company introduced a Peloton (NASDAQ: PTON) app on its streaming platform. Users can stream workouts even without owning a Peloton Bike or Tread.

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  • Lululemon Looks Into the Mirror for Its Next Chapter
    Bloomberg

    Lululemon Looks Into the Mirror for Its Next Chapter

    (Bloomberg Opinion) -- Lululemon Athletica Inc. is stretching itself into a new area of business. The seller of yoga pants and other workout apparel announced late Monday that it had agreed to acquire Mirror, a home-fitness product offering live and on-demand classes as well as personal training, for $500 million. Lululemon CEO Calvin McDonald has said that the startup expects to notch more than $100 million in sales this year and is on track to break even or earn a narrow profit next year.  This deal, of course, does little to boost the top line sales for a company that had $4 billion in revenue last year.  But it is a worthwhile way for Lululemon to test its ability to move beyond its core retailing expertise. After securing at least $72 million in venture funding and winning some celebrity devotees, Mirror had long been thought of as a potentially powerful disruptor in the fitness business. But now that the pandemic has pushed legions of consumers to explore at-home exercise, its prospects look even brighter. It seems likely that gyms and boutique fitness studios – places where people do lots of heavy breathing in close quarters – will be among the last establishments consumers feel comfortable returning to as the economy reopens. This will be especially true if we see more reports like one earlier this week that a patron to a Planet Fitness gym in West Virginia may have exposed more than 200 people to the novel coronavirus.  In other words, the total addressable market for the Mirror has suddenly exploded.   In addition to paying nearly $1,500 for the Mirror, a product that mounts on your wall like a mirror or stands in your living room, customers pay a $39 monthly subscription for access to classes. That recurring revenue makes for an attractive business model with strong profitability potential. One of the most impressive aspects of a larger but similar at-home fitness pioneer, Peloton Interactive Inc., has been how sticky its subscriptions have proved to be. If Mirror can achieve anything close to that, it will provide a predictable stream of cash for its new corporate parent. Lululemon has long used in-store yoga classes and running clubs to connect with its customers, and the Mirror acquisition is essentially an extension of that tactic for nurturing shopper loyalty and awareness. It’s easy to imagine ways the brands can cross-promote each other, such as with Mirrors set up for trial in Lululemon shops or with Mirror instructors wearing Lululemon gear in their classes.  Simply having entree to Lululemon’s far larger customer base could turbocharge Mirror’s growth. There are certainly ways this acquisition could end up doing little to drive either business forward. Lululemon’s prowess selling clothing may not translate well to scaling what is essentially a hardware and software business. And Lululemon still gets a relatively small share of its sales from outside the U.S. and Canada, so it doesn’t have particularly deep experience in overseas markets, something that might be helpful to Mirror as it aims to grow. Overall, though, they seem like good partners to collaboratively court the kind of consumer that can shell out $98 for leggings and $1,500 for exercise equipment.I always groan at the term “lifestyle brand,” because everyone in retail seems to think they are one and so few truly are. By expanding into home fitness, Lululemon looks more and more like a rare company that actually deserves that designation. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Lululemon to buy at-home fitness system Mirror for $500 million
    Yahoo Finance Video

    Lululemon to buy at-home fitness system Mirror for $500 million

    On Monday, lululemon announced that it is going to acquire at-home fitness startup Mirror for $500 million. Of the acquisition, CEO Calvin McDonald said “it is an exciting opportunity to build upon that vision, enhance [its] digital and interactive capabilities, and deepen [its] roots in the sweatlife.” LULU shares jumped on the news after-hours, while Peloton's stock came under pressure. Jared Blikre breaks down the details of the merger, and what it means for trends in home workout alternatives.

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  • Peloton climbs after Cowen hikes price target to $70
    Yahoo Finance Video

    Peloton climbs after Cowen hikes price target to $70

    Yahoo Finance’s Emily McCormick joins Akiko Fujita to break down Cowen raising its price target on Peloton as the analyst calls the workout equipment company "uniquely well positioned."

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  • Peloton hits new high after Stifel bullish on ‘holiday-like demand’
    Yahoo Finance Video

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    (Bloomberg) -- A top-performing fund manager who bought Amazon.com Inc. and Alphabet Inc. more than a decade ago is betting on winners from the Covid-19, believing the pandemic will fundamentally change people’s lifestyles.Mark Urquhart, who helps manage Baillie Gifford & Co.’s Long-Term Global Growth Equity Fund, says he’s picking up companies that may benefit from the growing trend of online and stay-at-home services, as the prolonged spread of the coronavirus will eventually alter consumer behavior.“We’ve been looking at companies that can benefit in the long-term from changes,” said Urquhart, who works at the $245 billion Edinburgh-based firm. “What the virus has done is accelerated some of the changes, perhaps open people’s minds, to consuming in different ways. And they realize the convenience. The economy is being more flexible. We see these companies will be larger in 10 years.”The fund is beating 99% of peers in three-year annual returns and is ahead of 62% of them year to date with a gain of 37%, according to Bloomberg-compiled data.Along with Netflix Inc. and Tencent Holdings Ltd, the fund has bought Netherlands-based payments platform Adyen NV. Tencent-backed Chinese food delivery giant Meituan Dianping is also a favorite, as is interactive exercise firm Peloton Interactive Inc.Adyen is “a company that we think benefits from many of the ongoing trends of people shopping more remotely,” Urquhart said. “Consumers won’t recognize the brand, but it’s very important.”The fund’s high returns come from its bottom-up investing, with managers looking for industry disruptors. Top holding Amazon, which makes up 8.46% of the fund, was one of its initial picks when the fund was first initiated in 2005. The stock has risen 5,892% since then. Alphabet was added in 2008, followed by Tencent and Baidu Inc. in 2010, with Alibaba Group Holding added in 2015.In South Korea, Urquhart says he’s watching Softbank Group-backed e-commerce giant Coupang Corp., which is reported to be preparing an initial public offering as soon as 2021, rather than industrial stocks or conglomerates like Samsung Electronics Co.“I’m interested in Coupang, it’s a classic disrupting company,” he said. “We had held Samsung in the past, at the moment we don’t find growth prospect as attractive.”(Adds a super tout)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.

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