Down 23% This Year, Is Lululemon Athletica Stock a Buy? [Yahoo! Finance]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Yahoo! Finance
That's the tough situation that Lululemon Athletica (NASDAQ: LULU) shareholders recently faced. The stock had been rallying heading into its fiscal Q4 earnings report on March 21, but fell hard in the immediate wake of that announcement. Shares are now trailing the return of the wider market over the past year after having roughly doubled the S&P 500 's 30% gain before that report. There were some good reasons for the pullback, mainly tied to a weakening retail selling environment in the core U.S. market. Let's look at whether investors are overreacting to that stumble, though, and potentially making the stock a great buy for 2024 and beyond. A tough quarter ahead Lululemon reported solid results to start the new fiscal year. Yet, there were some signs of softening demand heading into 2024. Comparable-store sales were up 12% in Q4, which ran through late January, to mark a modest slowdown compared to the prior quarter's 14% increase. Management said in a conference call with
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News
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- Lululemon Athletica Inc. (NASDAQ: LULU) had its price target lowered by analysts at Sanford C. Bernstein from $430.00 to $384.00. They now have a "market perform" rating on the stock.MarketBeat
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- Peloton Stock Is Beaten Down Now, but It Could 10X [Yahoo! Finance]Yahoo! Finance
- Forget Nike: Buy This Magnificent Growth Stock Instead [Yahoo! Finance]Yahoo! Finance
LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/26/24 - Form SC
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- LULU's page on the SEC website