Shares of Lululemon Athletica (NASDAQ:LULU) jumped 7% on December 18 following news that activist investor Elliott Management built a $1 billion stake in the athleisure retailer.
lululemon athletica inc. is searching for a new CEO as the company's U.S. brand performance is under increasing scrutiny. Recent financials highlight a mixed performance. American earnings decline sharply as LULU is facing brand and tariff pressure, in part offset by rapid growth internationally. I estimate LULU stock to have 25% upside to $259.5.
Lululemon needs a new CEO. One investor's preferred candidate might not be a a stretch.
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Calvin R. McDonald CEO | XDUS Exchange | US5500211090 ISIN |
| CA Country | 39,000 Employees | - Last Dividend | 12 Jul 2011 Last Split | 27 Jul 2007 IPO Date |
Lululemon Athletica Inc., established in 1998 and headquartered in Vancouver, Canada, is a premier designer, distributor, and retailer of athletic apparel, footwear, and accessories under the globally recognized lululemon brand. Catering to both women and men, the company is renowned for its commitment to quality and innovation, targeting individuals who lead a healthy lifestyle, including activities like yoga, running, and training. Lululemon's expansive global footprint spans across continents, including the United States, Canada, Mainland China, Australia, South Korea, Hong Kong, Japan, New Zealand, Taiwan, Singapore, Malaysia, Macau, Thailand, the Asia Pacific, the United Kingdom, Germany, France, Ireland, Spain, the Netherlands, Sweden, Norway, Switzerland, Europe, the Middle East, and Africa. The brand's diverse sales channels include a wide array of company-operated stores, outlets, an interactive workout platform, partnerships with yoga and fitness studios, university campus retailers, license and supply arrangements, mobile apps, and the comprehensive lululemon.com e-commerce website.