Zacks.com users have recently been watching Lululemon (LULU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
I maintain a buy rating on Lululemon (LULU), seeing the stock as undervalued by about 10% despite mixed technical indicators. Strong consumer spending is expected this holiday season, but international sales growth remains uncertain due to weak economic conditions in Europe and China. LULU's Q2 results showed strong EPS but missed revenue estimates, leading to lowered FY 2024 guidance and potential downside risks in earnings and revenue expectations.
While LULU's near-term outlook suggests challenges in the second half of fiscal 2024, its strategies and execution indicate long-term growth potential.
Investors looking for stocks in the Textile - Apparel sector might want to consider either Ralph Lauren (RL) or Lululemon (LULU). But which of these two stocks is more attractive to value investors?
Recently, Zacks.com users have been paying close attention to Lululemon (LULU). This makes it worthwhile to examine what the stock has in store.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Lululemon (LULU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
The latest trading day saw Lululemon (LULU) settling at $318.13, representing a -0.95% change from its previous close.
BofA Securities analyst Lorraine Hutchinson reiterated a Buy rating at Lululemon Athletica Inc. LULU with a price target of $355.
Charles Moon with @ProsperTradingAcademy sees potential in all of today's Big 3. The question lies in whether investors should make a short-term or long-term investment.
Shares of Lululemon have begun to rebound after a poor Q2 earnings print. In Q2, sales in the Americas turned into a decline, driven by a slowdown in the women's category. China growth slowed as well. The company has identified the core driver as a lack of new product releases and seasonal updates relative to prior years.