Lululemon Athletica has been the focus of multiple investment advisories recently. Notably, the company's
shares have seen remarkable returns of 66% over the past five years. Sierra Summit Advisors LLC and Profund Advisors LLC have heavily invested in, and Evercore Wealth Management LLC have acquired the company's shares, emphasizing their faith in Lululemon's financials, signaling an enduring investment opportunity. Conversely, some entities like Symmetry Peak Management LLC and Personal CFO Solutions LLC are decreasing their positions, citing valuation concerns. The company has also reported a successful Q1 report, which included an EPS increase by 14c and a raised FY24 EPS view. This upbeat earnings report coupled with solid strategic positioning led to increased price targets. Analysts hold a
Moderate Buy rating for the company's shares. However, the company's performance faced some issues with the Chief Product Officer resigning and a quiet yet dangerous issue raised by the CEO. Despite a thorny Q1, analysts argue that the incessant selling is unwarranted. Lululemon is also actively seeking to turn its fortunes around in the Americas, with plans for global and men's market expansion.
Lululemon Athletica LULU News Analytics from Fri, 08 Dec 2023 08:00:00 GMT to Sun, 16 Jun 2024 12:43:46 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -2
