Results for "lululemon"

According to Cowen’s Fifth Annual Proprietary Gen Z and Millennial survey, Nike, Lululemon and Dick’s Sporting Goods showed the strongest competitive positions and/or growth in preference among younger consumers within softlines retail. The survey, conducted in July 2022, had 2700 U.S. consumers participate.

Piper Sandler upgraded its stock rating on Lululemon Athletica to “Overweight” due partly to the brand’s momentum with teens, as noted in its 44th Semi-Annual Generation Z Survey.

Lululemon Athletica, Inc.’s shares rallied on Friday after the retailer reported that traffic drove a 23 percent hike in same-store sales in the second quarter. Results easily topped analyst estimates, and guidance was lifted for the full year. Calvin McDonald, CEO, told analysts, “Importantly, we are not creating this traffic through markdowns or price promotions. Lululemon remains predominantly a full-price business.”

Lululemon Athletica, Inc.’s shares were downgraded to “Sell” by analysts at Jefferies on expectations that the yoga-themed retailer would pull back on aggressive long-term guidance in the coming quarters.

Shares of Lululemon Athletica and Under Armour were under pressure on Monday after downgrades by Jefferies. Analysts led by Randal Konik said Lululemon faces tough comparisons and “rising competition” while Under Armour is being sidetracked by “management volatility and lagging fundamentals.”

Lululemon Athletica was able to overcome supply chain disruption and inflationary pressures to deliver first-quarter sales and earnings well past company targets, driven by outperformance in North America. As it’s done regularly over the course of the pandemic, the yoga-themed retailer raised its outlook for the year.

Shares of Lululemon slid $19.26, or 4.8 percent, to $385.40 after the yoga-themed retailer announced an ambitious five-year growth plan to double its sales by 2026. Analysts were generally bullish on Lululemon’s growth plan with a few concerned about the stock’s lofty valuation.