Triple Moving Average Crossover
|Bid||314.22 x 800|
|Ask||314.33 x 900|
|Day's Range||302.11 - 314.82|
|52 Week Range||128.85 - 314.82|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||63.57|
|Earnings Date||Jun 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||236.70|
While Wells Fargo cut its rating on Lululemon, its analyst wrote the company has shown 'far and away the best performance' in Wells' retail group.
A Cowen analyst thinks the market isn’t giving Lululemon Athletica enough credit for accelerating online sales growth and robust trends for reopened physical locations.
Lululemon Athletica shares were slipping, following a downgrade from Wells Fargo, which says the upscale athletic-apparel retailer may be trading too richly.
Having come so far, so fast since the markets crashed in mid-March, lululemon athletica's (NASDAQ: LULU) performance may not have any more room to run, according to one analyst. Wells Fargo analyst Ike Boruchow downgraded Lululemon's stock to equal weight from overweight because shares soared 125% after falling below $129 a share two months ago. Just last Friday, an analyst at Raymond James raised his price target to $335, some 12% above where it was trading at the time, because Lululemon's "innovation machine" gives it a market dominance that only pushes it higher.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Regardless, investors are flocking to buy shares of athleisure-wear specialist lululemon athletica (NASDAQ: LULU), to the point where the shares hit an all-time high on Friday. Analyst Matthew McClintock of Raymond James thinks they could go even higher. McClintock's rationale is that Lululemon, despite a fairly sturdy and long-tail position on its market, continues to push into new areas to keep its customers interested and returning to its stores.
Market participants were initially wary about the possibility of a big rise in tensions between the U.S. and China over recent actions in Hong Kong, but a White House press conference turned out not to be as confrontational as some had feared. The Dow Jones Industrial Average (DJINDICES: ^DJI) lost ground, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) had modest gains. Much of the Nasdaq's outperformance came from a great day for technology stocks, which once again proved how resilient their business models are, even in the face of coronavirus-provoked economic pressures.
On Friday, Raymond James analysts led by Matthew McClintock kept their ‘strong buy’ rating on shares of Lululemon, but raised their price target on the stock to a street-high of $335. The athletic apparel retailer remains a top idea at the firm, as it sees the current crisis only accelerating Lululemon’s favorable positioning as a leader in the athletic apparel market.
A forced timeout stopped neither bulls nor bears from participating in sports apparel stocks. But for today's investors, is now a better time to buy or sell? Let's look at the current champs on Wall Street, and where each stands off and on the price chart before breaking out the pompoms.The novel coronavirus has devastated individuals, businesses and economies around the world. It's also hit our love of sports from every imaginable angle.For some, that's meant a closed gym. For others, Covid-19 has prevented going for a trail run or hike on public lands shuttered by the pandemic. And of course, individual and team sports from recreational endeavors and all the way to the big leagues have been disrupted for participants and spectators alikeInvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure Yet, despite the near universal stoppage time and reduced load of sweaty clothes to wash and wear, many sports apparel stocks have been on an inexplicable tear. Others, more logically so, haven't: * Nike (NYSE:NKE) * Lululemon (NASDAQ:LULU) * Under Armour (NYSE:UAA)In the end champion stocks cheered on by today's investors, and those booed like the NY Jets, aren't future guarantees for bulls and bears that find themselves on the right side of action. The trend is your friend until it's not. And sometimes you'll find a hidden gem buried in the bargain bin. Sports Apparel Stocks to Trade: Nike (NKE) Source: Charts by TradingViewThe first of our sports apparel stocks to trade are shares of Nike. Right now the world's largest retail sports brand looks ready to grow even bigger based on the price chart, setting the stock as a clear "buy,"Technically, the sporting goods giant's shares have formed a 'V-like' bottom on the monthly chart. It's a type of base often seen as less durable than a bottom developed over the longer-term. But Nike's panic low was also a very well-supported (and successful) test of both its long-term uptrend and a pair of key Fibonacci levels. And there's more too.With a bullish stochastics crossover now signaling inside neutral territory and an earnings catalyst next Thursday, the consensus is that this apparel stock is well-positioned to breakout.For investors looking to play this apparel stock for upside, one favored options strategy to limit and reduce risk, as well as offer realistic but big-time profit potential is the July $105 / $110 bull call spread. Lululemon (LULU) Source: Charts by TradingViewThe next of our sports apparel stocks to trade is athleisure and yoga-centric powerhouse Lululemon. Similar to Nike shares, Lululemon is another name that's been championed by investors since the darkest hours of the coronavirus on Wall Street. Here though, bulls could be getting ahead of themselves.Earnings are due in roughly two weeks, but investors aren't waiting around for the quarterly release. Shares have already broken out to fresh all-time-highs. This apparel stock's 'V' bottom was also a technically well-supported one to cheer on initially. But Lululemon now looks too pricey to justify a purchase. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure Bottom-line, with the stock roughly 10% past the prior and pattern high and trading through the upper Bollinger Band, Wall Street's pom-poms could easily be replaced with profit-taking in front of or certainly following earnings. As much, Lululemon is a champion apparel stock that's best watched from the sidelines. Under Armour (UAA) Source: Charts by TradingViewUnder Armour is the last of today's sports apparel stocks on our radar. This underdog most recently crashed on the back of a massive quarterly loss, slumping revenues and forecast that has lacked any indication the company can rebound to the black anytime soon. In a nutshell, what had been a turnaround play prior to the coronavirus now finds that path looking even more difficult to navigate.That all sounds bad, but things also look really bad for Under Armour, on the price-chart. Technically, the stock began showing signs of failure within its comeback story ahead of Covid-19.The monthly chart showed an early warning as shares fell beneath channel support late last year. That price action was then compounded by the pandemic as the stock tumbled cleanly below its lifetime 76% retracement level. But I'm not bearish.With the Under Armour story looking so unfixable off and on the price chart, I can't help but be a fan of this apparel stock. Some of that optimism is helped by the lower-low divergence in shares relative to stochastics. A third month of price action outside the lower Bollinger Band also has our attention. Lastly and as we finish up May with a promising hammer bottom in hand and an imminent oversold and bullish crossover in tow, it could be time to suit up shortly as a bull.Disclosure: Investment accounts under Christopher Tyler's management does not own any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 3 Sports Apparel Stocks to Trade for Players and Spectators Alike appeared first on InvestorPlace.
Raymond James analyst Matthew McClintock says athleisure apparel retailer Lululemon is poised to be a long-term winner. He reiterated a Strong Buy rating on Lululemon stock.
lululemon athletica inc. (NASDAQ: LULU) today announced that its financial results for the first quarter fiscal 2020 will be released Thursday, June 11, 2020. The company will host a conference call at 4:30 p.m. Eastern time to discuss the financial results.
Lululemon (LULU) closed at $281.50 in the latest trading session, marking a +0.03% move from the prior day.
Fitness clothing seller lululemon athletica (NASDAQ: LULU) is planning to reopen 200 additional stores over the next 14 days, according to a press release yesterday. The openings will help the company ease away from reliance on e-commerce, though as CEO Calvin McDonald notes, "We are inspired by how our guests have continued to connect digitally through our online offerings and believe Lululemon remains well positioned to help our guests live the sweatlife." Today, an even more prestigious firm weighed in, with investment bank Oppenheimer maintaining its outperform rating.
lululemon Athletica (LULU) has reopened more than 150 store locations across North America, Asia, Europe, Australia and New Zealand. It is set to open another 200 stores over the next two weeks.
Lululemon stock has been a strong performer in the retail sector thanks to bullish fundamentals. But does that make LULU stock a buy?
It's been a choppy kind of week, but so far, bulls are maintaining altitude. With that said, let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Click to EnlargeNvidia (NASDAQ:NVDA) has been red-hot since hitting its March low near $180. At this week's high, shares were up about 100% from that level. With earnings on deck for Thursday after the close, investors will be tuning in to see how this stock does.While not terribly overbought on an RSI basis, it's hard to get too bullish on Nvidia after shares blew through $200, $250, $300 and even $350. I remarked that shares were a steal at or below $200, but that discount didn't last long.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI would love a post earnings dip in this one. Ideally down to $280, which is now a proven level of significance. But even a dip down into the $300 to $310 area would make it more attractive.On a post-earnings rally, it won't take much for investors to turn their attention to $400. Top Stock Trades for Tomorrow No. 2: Lululemon Athletica (LULU) Click to EnlargeAdd Lululemon Athletica (NASDAQ:LULU) to the new-high club. If shares continue higher, look to see the stock can run to $298.It seems like a lofty target, but there LULU will find its 123.6% extension from the prior 2020 range. So far, the winning stocks have been the ones to maintain momentum in this stock-picker's market.If LULU can't sustain momentum over the $265 area, see if we get a pull back. In that event, let's see if shares find support in the $248 to $250 area. Below puts uptrend support and the 20-day moving average in play. Top Stock Trades for Tomorrow No. 3: TJX Companies (TJX) Click to EnlargeTJX Companies (NYSE:TJX) is moving nicely after reporting earnings. That's despite a top- and bottom-line miss. While shares are gapping higher, they are having trouble sustaining current levels.That's as TJX stock runs into the 200-day moving average and fills its March gap. That puts investors in a tricky spot -- a gap-up into resistance.The 61.8% retracement comes into play near $52.60. Below that puts a decline down the $50 level in play, followed by the 20-day and 50-day moving averages.Over the 200-day moving average and a push up to the 78.6% retracement near $58 is possible. Above puts $63 to $64 in play. Top Stock Trades for Tomorrow No. 4: AstraZeneca (AZN) Click to EnlargeAstraZeneca (NYSE:AZN) stock was on the move again Thursday, but it's running out of steam. Shares are being rejected by the $57.50 area, as trend resistance keeps a lid on the stock price (blue line).Now what?We just talked about how strong stocks seemingly get stronger in this type of market. AZN stock isn't even overbought at the moment. For that reason, I certainly don't want to fade this action. But with the stock up for nine straight days, it's hard to be a buyer.I'd love a shot at AZN stock on a dip into the $50 to $51 area. If that holds as support -- and potentially times up with the rising 20-day moving average -- then AZN may just be a buy.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret is long NVDA. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 4 Top Stock Trades for Friday: NVDA, LULU, TJX, AZN appeared first on InvestorPlace.
(Bloomberg) -- Lululemon Athletica Inc. notched an all-time high Thursday after shares climbed 92% from a low in March as Wall Street bet that those working from home would purchase more athleisure wear.The company’s product categories are in the sweet spot right now, analysts say, including B. Riley FBR’s Susan Anderson. “Casual, active, and lounge-wear is what’s selling; pretty much everyone has said that,” she said in a phone interview Thursday.Before the pandemic, Lululemon’s online sales rose 35% in its last full year, and Anderson expects the growth to have accelerated further this quarter. Meanwhile, many of the company’s physical stores remain closed in North America, with some markets beginning to reopen in accordance with local government mandates.BMO Capital Markets analyst Simeon Siegel agreed Lululemon is an “at-home Covid winner.” But he questioned what that will mean longer term and said the potential risks are not being priced into the stock currently.Stock prices today are dominated by themes, he said in an interview. And right now, people are making purchases in athleisure wear to “recalibrate to their current new norm.” But, do people need to buy more or less fashionable athleisure? Is there a need to have multiple outfits to sit at your desk, home alone? These are among the things Siegel wonders. “When people are working in groups, fashion plays a stronger role, but at home comfort is king.”“It remains to be seen what the financial implications of the pandemic will be, but it seems reasonable to assume the audience of people willing to buy high-priced clothing is not going to get larger,” Siegel said. “The question is: does it stabilize or shrink?”As for the company’s upcoming earnings report, Siegel too is expecting a “strong” online performance. Color around digital performance and initial store reopenings will be what moves the stock, he said.Barclays analyst Adrienne Yih also told clients in a note that “with core customers working from home, we believe ‘work-at-home wear’ consists of comfortable and casual apparel, and Lulu fits the bill.” Based on her view that there will be an increase in people working from home after Covid-19, she boosted her estimates for next year.Anderson and Yih have buy-equivalent ratings on the stock. Siegel rates it a market perform.Lululemon will host an annual meeting on June 3. Fiscal first-quarter results are expected to be reported in the first half of June.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
lululemon athletica inc. (NASDAQ:LULU) today provided details on the company’s phased reopening plan for its global store operations.
B. Riley analyst Susan Anderson expects earnings for the specialty retailers in her coverage to be slightly better than consensus, as sales have “rebounded significantly from mid-March lows.”
Peloton (NASDAQ: PTON) has seen a massive surge in memberships for its interactive workouts, nearly double the year-ago period, while also experiencing the lowest level of customer churn in four years. Twitter and Square have told employees they can work from home forever if they want, instead of coming into the office, while Google parent Alphabet has said its employees will work from home until at least 2021. In a research note to clients, According to thefly.com, Anderson said the twin imperatives resulting from the pandemic are causing her to upgrade her outlook for Lululemon to buy from the previous neutral rating.