LULU - Lululemon Athletica Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
183.33
+3.66 (+2.04%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close179.67
Open179.95
Bid0.00 x 800
Ask186.00 x 1200
Day's Range179.90 - 183.53
52 Week Range110.71 - 194.25
Volume898,867
Avg. Volume1,950,965
Market Cap23.883B
Beta (3Y Monthly)1.26
PE Ratio (TTM)48.12
EPS (TTM)3.81
Earnings DateAug 28, 2019 - Sep 3, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est195.24
Trade prices are not sourced from all markets
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    lululemon athletica inc. Announces Second Quarter Fiscal 2019 Earnings Conference Call

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  • Why It’s Time to Buy the Dip of Under Armour Stock
    InvestorPlace

    Why It’s Time to Buy the Dip of Under Armour Stock

    When it comes to Under Armour (NYSE:UAA) stock, I've loved to play the contrarian for some time. And being contrarian on UAA stock has been immensely profitable over the past year.Back in November 2018, UAA stock was flying high at $24 after the athletic apparel brand reported third- quarter numbers which easily beat average expectations. I warned that the pop was unsustainable and that the bearish thesis actually looked pretty good. By December 2018, after Under Armour had a bad Investor Day and amid a broader market selloff, UAA stock had dropped to below $17.I recommended that investors buy the dip of UAA stock. Within a month, Under Armour stock had rebounded by more than 20%, at which point I advised investors to sell Under Armour stock. UAA stock continued to rally well after that, all the way to $28, and I kept insisting that the rally was unsustainable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn late July, Under Armour reported underwhelming numbers. Ever since, UAA stock has fallen off a cliff. Today, the stock trades hands at $18, roughly where it was in late 2018. * 10 Cheap Dividend Stocks to Load Up On Now it's time to buy the dip of Under Armour stock again. Here's why. Under Armour Stock Is Too CheapThere are three main reasons why it's time to buy the dip of UAA stock again. The first reason is that the stock is now way too cheap.My core thesis on Under Armour is pretty simple.: UAA is the wrong company in the right space. Under Armour is the wrong company because it hasn't innovated or adapted to trends . Namely, the athletic apparel market has pivoted from performance apparel to lifestyle clothes.Under Armour hasn't made that pivot, and as a result, it continues to launch products that - while good - aren't as relevant as the new lifestyle products from Nike (NYSE:NKE), Lululemon (NASDAQ:LULU), and Adidas (OTCMKTS:ADDYY). That's why Under Armour has continued to grow at a much slower pace than those peers (in Q2, for example, UAA's constant currency revenue growth was just 3%).Nonetheless, the athletic apparel space is the right space to be in now. Consumers increasingly want to live active and healthy lifestyles and look like they do so. This is creating a rising tide that's lifting all boats in the athletic apparel space, even the ugliest boats like Under Armour. That's why Under Armour's revenue has continued to grow, despite the company's lack of product innovation.This dynamic will persist. Going forward, Under Armour's top line looks poised to rise about 5% annually , with healthy margin drivers through continued gross margin expansion and positive operating leverage. I've said time and time again that UAA's earnings per share should reach $1,50 by fiscal 2025. Based on Nike's average forward price- earnings multiple of 25, UAA stock should reach $37.50 in 2024. Discounted back by 10% per year, that equates to a 2019 price target for UAA stock of about $23.Thus, in late July, UAA stock was way overvalued. Now it's way undervalued. The Optics Will ImproveThe second reason to buy the dip of Under Armour stock is that it will look more attractive over the next few months.A big driver behind the recent selloff of Under Armour stock is President Donald Trump's threat to impose tariffs on more Chinese imports. Ostensibly, that's a bad thing for all athletic-apparel companies, since a bunch of athletic-apparel products are made in China. As a result, investors have indiscriminately sold athletic-apparel stocks over the past two weeks.But Under Armour's China exposure isn't huge (only 10% of its products are made in China ). Further, a big chunk of these tariffs have already been delayed , yet another sign that Trump doesn't actually want the trade war to escalate that much and is just doing some chest-puffing with the tariffs he's already announced.All these trade-war fears will likely cool over the next several months as they have always done after trade-war flare-ups under Trump. This cooling will provide a lift for UAA stock. The Stock Is OversoldThe third reason to buy the dip of Under Armour stock is that the stock is technically way oversold, and is due for a bounce-back.The Relative Strength Index of UAA stock has dropped to 20, well into oversold territory. The last time the RSI of UAA stock was this low was back in late 2018. Under Armour stock proceeded to bottom in late 2018 and rally by more than 20% over the next month.A similar dynamic could play out this time around. Consequently, the technicals are saying that UAA stock is near a bottom and on the verge of a nice bounce-back rally. The Bottom Line on UAA StockUnder Armour is the wrong company in the right space., so Under Armour stock will not be a long term winner. Instead, it's a "buy the dip, fade the rally" stock. Right now, UAA stock is in the middle of its biggest selloff in recent memory, meaning that it's time to start thinking about buying the shares on weakness.As of this writing, Luke Lango was long UAA, NKE, and LULU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Why It's Time to Buy the Dip of Under Armour Stock appeared first on InvestorPlace.

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  • Motley Fool

    How Lululemon’s New Loyalty Program Can Drive Incredible Growth

    Many loyalty programs fail, but not every company has a loyal customer base like Lululemon's.

  • Lululemon Is Losing Its Elasticity as the Charts Are Weakening
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  • Lululemon Athletica Inc. (NASDAQ:LULU) Is Employing Capital Very Effectively
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    Lululemon Athletica Inc. (NASDAQ:LULU) Is Employing Capital Very Effectively

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  • TipRanks

    UBS: 3 Top Retail Stocks Best-Positioned For New Tariffs

    As if the retail sector didn't have enough to worry about, a new threat has now emerged. On August 1, President Trump announced that the US is implementing 10% tariffs on a further $300 billion of Chinese goods, starting September 1. On the announcement, retail stocks plunged, with the SPDR S&P Retail ETF down over 3%.“The list of products these tariffs will hit are almost entirely consumer oriented… This new 10% tariff on Chinese imports is a direct hit on consumer products and family budgets, plain and simple” the Retail Industry Leaders Association wrote in a statement. Most retailers expect to pass the tariffs on to consumers, and multiple price rises could damage overall consumer spending. “We’re very concerned this will be a long-term cost baked into what consumers will pay,” Matt Priest, chief executive of the Footwear Distributors and Retailers of America, said in The New York Times.And UBS analyst Jay Sole didn’t provide much reassurance when he told investors: “Department store P/E valuations look low today, but the market may be underestimating how negatively impacted their earnings might be from tariffs.” In particular, the analyst singled out names like Macy’s (M), Nordstrom (JWN) and Kohl’s (KSS) as most at risk. This was a call echoed by other firms including Goldman Sachs and Credit Suisse. Nordstrom, for example, is currently trading down a whopping 34% year-to-date. That’s with a Hold analyst consensus.However there are still some retail names that look compelling. UBS has singled out three specific names with the least risk attached. These are the stocks best-positioned to outperform with the new tariffs says the firm. Let’s take a closer look now: Nike Inc (NKE)Just do it. The sportswear giant has managed to maintain significant Street support despite the tariff updates. It’s hard to deny that Nike has considerable China exposure. Company filings reveal that 23% of Nike footwear and 27% of apparel is manufactured in China, while FactSet calculates that 15% of Nike revenue is directly tied to the region.Nonetheless the stock’s diversified global footprint and strong pricing power are keeping analysts on-side. “Fundamentally, NKE is arguably in its strongest position over the past few years, with robust CC revenue growth, healthy underlying gross margin expansion, a continued eye on the horizon through transformational investments, and strong/healthy growth in DTC/digital” cheers five-star Guggenheim analyst Robert Drbul. He has a buy rating on the stock and $100 price target. Indeed, best performing analysts have a bullish Strong Buy consensus on Nike right now. In the last three months, the stock has received 8 buy ratings vs just 1 hold rating. Meanwhile the $98 average analyst price target suggests sizable upside potential of just over 20%. Lululemon Athletica (LULU)Lululemon is excelling in the rapidly growing world of athleisure. The company is another retailer singled out by UBS as having the least risk to the new tariffs. Lululemon imports only 6% of its total finished goods from China, limiting its direct exposure. "We are committing to higher air-freight usage as the hedge against disruption in ocean shipping lanes as we approach the key dates related to tariff increases," Lululemon CFO Patrick Guido revealed on the June earnings call. However the higher costs associated with increased import duties and air cargo are likely to keep gross margin "flat to modestly up" this quarter, vs 54.8% last year, Guido added.Year-to-date the stock has soared 47%, boosted by stellar first-quarter earnings results and a new customer loyalty program. “We continue to see Lululemon uniquely positioned at the intersection of trends and positioned well to both recruit new consumers to the brand and expand the offering to generate more revenue per guest,” wrote Stifel Nicolaus analyst Jim Duffy.He believes the new loyalty program, named ‘Practice’, can yield $0.50-plus in incremental earnings power “and more aggressive assumptions point to potential for a $1-plus boost for future years.”Top analysts have a cautiously optimistic take on LULU, with a Moderate Buy consensus. That breaks down to 11 buy ratings and 5 hold ratings published on the stock in the last three months. The $197 average price target indicates upside potential of 10% from current levels. VF Corp (VFC)VF Corp boasts a diverse portfolio of popular brands including Vans and The North Face. It’s the third stock singled out by the firm as best positioned to cope with tariff risk.As VFC itself states “The word that best describes our global sourcing strategy is “balanced.” We’re not overly dependent on any given region or country. This allows us to competitively manage cost, as well as source closer to end markets.” According to the company, China accounts for 9% of produced VF units. That’s with Americas responsible for 35% produced VF goods, and Vietnam 25%. Overall, we can see VFC still scores a Strong Buy consensus from top analysts. Out of 6 analysts polled, 5 rate the stock a buy. Plus the $100 average analyst price target translates into upside potential of over 20%. “VFC is one of the best managed and operationally efficient companies in our coverage universe and the spin-off of the slow growing Jeans business further enhances its growth profile, in our view. VFC continues to evolve its portfolio to ensure resources and focus are allocated to the fastest growing brands that are generating the highest return on investment” cheers top Susquehanna analyst Sam Poser. He notes that the strong success at Vans (up 20% in 1Q20), and now The North Face is a positive indicator of future growth at VFC’s other brands including Timberland and Dickies.Discover the Street's best-rated Trending Stocks now

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