Lululemon Athletica Inc. (LULU) has been garnering significant investor attention and recent headlines lend support to a mix of bearish and bullish indicators. Analysts from Baird and Truist Securities have both raised their price target for LULU to $380 and $360 respectively. Multiple investment companies, such as Galvin Gaustad & Stein LLC and Impax Asset Management Group plc, are increasing their positions in the firm suggesting confidence in the brand's future. Despite concerns, LULU stocks show a 6.09% growth rate as of November 1. Conversely, there is speculation about LULU being the potentially worst-performing S&P 500 stock in 2024. A product launch was mishandled, and the company cut its guidance. Class action lawsuits are also being pressed against LULU. Notably CEO Calvin McDonald acquired more shares in the company, which could be seen as a positive signal of enduring confidence despite mixed reviews and recent challenges.
Lululemon Athletica LULU News Analytics from Wed, 05 Jun 2024 07:00:00 GMT to Sat, 09 Nov 2024 12:08:12 GMT -
Rating -1
- Innovation -5
- Information 2
- Rumor -3
