Professional
Added to YB: 2024-06-28
Pitch date: 2024-06-28
LULU [bearish]
lululemon athletica inc.
+31.84%
current return
Author Info
No bio for this author
Company Info
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the United States, Canada, Mexico, China Mainland, Hong Kong, Taiwan, Macau, and internationally.
Market Cap
$19.7B
Pitch Price
$300.73
Price Target
240.00 (+17%)
Dividend
N/A
EV/EBITDA
5.70
P/E
11.28
EV/Sales
1.86
Sector
Textiles, Apparel and Luxury Goods
Category
N/A
LULU Downgraded to Underperform Due to Slowing Brand Momentum (Jefferies)
LULU: Jefferies sees brand slowing, product more like Gap 2.0. Losing share to Alo/Vuori, leading to markdowns & margin compression. US sales growth expected to turn negative by year-end (first ever), driving earnings & valuation lower. Underperform, PT $240.
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