Lululemon (LULU) stock price has crawled back in the past few weeks as some investors buy the dip. After bottoming at $225 on August 5, the stock has jumped by over 30% to $304.
In the most recent trading session, Lululemon (LULU) closed at $293.14, indicating a -1.92% shift from the previous trading day.
Joe Kudla, Vuori founder & CEO, joins 'Fast Money' to talk the brand's growing presence in the athleisure market, competition in the space, consumer trends and more.
Lululemon (LULU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Lululemon Athletica Inc (NASDAQ: LULU) has teamed up with Fanatics on a new lineup of NHL apparel. Shares of the athletic apparel retailer are up 2.0% on Tuesday.
Lululemon Athletica Inc. has seen a significant price drop, making it an attractive investment opportunity after a 47% decline from its previous high. The company offers best-in-class margins in comparison to its competitors, given its marketing strategy and direct-to-consumer sales. At current levels, the company needs to deliver single-digit growth to justify its share price.
Lululemon is poised for a potential 20% gain, driven by strong long-term relative strength and historically bearish investor expectations, signaling a major advance. The stock has been in a four-year trading range, with a recent low in July marking a potential reversal and a target price of $350. Investor sentiment is overly negative, a condition that typically precedes significant price rises, as indicated by multiple Green Zone readings this year.
Lululemon Athletica is undervalued and poised for a rebound due to strong fundamentals and upcoming holiday sales, presenting a buying opportunity. Despite the recent struggles, LULU's consistent revenue growth, high key fundamentals such as ROE, gross margins, positive ROIC-WACC, and positive free cash flow make it a compelling investment. LULU has a history of beating earnings estimates and expanding internationally, which supports long-term investment potential.
Analysts see China as one of the biggest opportunities for apparel company Lululemon Athletica Inc LULU. With international sales hitting 50% of total revenue in the coming years, a stimulus in China could offer a potential catalyst to offset macroeconomic concerns.
Lululemon (LULU) closed the most recent trading day at $278.25, moving +1.71% from the previous trading session.
Lululemon (LULU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Today's Big 3 looks at names that have fallen off their 52-week highs and slipped into sideways trends over recent weeks. @ProsperTradingAcademy 's Scott Bauer joins Rick Ducat and Nicole Petallides to break down the technical trends in Lululemon (LULU), Affirm Holdings (AFRM), and Marathon Petroleum (MPC).