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Lululemon Athletica Inc Add to portfolio

COMP:LULU, Jun 25, 06:34 UTC

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How Big Is Lululemon Athletica's International Opportunity?

LULU

We know how big the athletic apparel market is globally -- about $300 billion, according to Morgan Stanley. But with so many competitors vying for position, it doesn't tell us, specifically, what the opportunity is for Lululemon. Lululemon's international sales made up only 11% of total revenue last year, with the balance coming from the U.S. and Canada. But recent trends suggest the international segment is on track to one day make up a much larger portion of the company's revenue. Nike and Adidas have been experiencing double-digit growth in China for a while, which reflects two things: 1) The growing demand for athletic wear in that country, and 2) A growing Chinese middle class, which is already the size of the total U.S. population and is expected to double to 600 million in 10 years. Because of global demand for athletic wear, Lululemon will likely see most of its revenue come from outside of North America in the next few decades, consistent with its peers. The bottom line. What all this means is that buying Lululemon stock today could be like buying Nike stock 20 or 30 years ago. Even as Lululemon's international opportunity is in the early stages of development, North America sales continue to grow steadily, up 18% last quarter.

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KeyCorp Brokers Cut Earnings Estimates for Lululemon Athletica inc. (NASDAQ:LULU) – Rockland Register

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Lululemon Athletica inc. (NASDAQ:LULU) – Stock analysts at KeyCorp reduced their Q3 2020 EPS estimates for shares of Lululemon Athletica in a research report issued on Wednesday, June 12th, Zacks Investment Research reports. KeyCorp analyst E. Yruma now expects that the apparel retailer will post earnings of $0.85 per share for the quarter, down from their previous estimate of $0.87. Stifel Nicolaus lifted their price target on shares of Lululemon Athletica from $152.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Lululemon Athletica announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 27th that allows the company to buyback $500.00 million in shares.

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Thursday, June 20


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Lululemon Talks Market Share Gains and Rising Tariff Costs

LULU

Lululemon athletica's (NASDAQ: LULU) habit of trouncing Wall Street's expectations helped to push shares higher heading into its first-quarter earnings report. Most investors who follow the stock predicted the apparel specialist would beat management's growth targets for the fifth straight quarter, yet lululemon outpaced even those cheery forecasts. No slowdown to start 2019. While it's been reported there is some recent softening in the apparel space, there is no doubt that 2019 is off to a great start for us. Lululemon still managed to trounce the growth targets that executives issued in late March, with sales rising 20% to $782 million.

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Best Stocks for 2019: Lululemon Stock Looks Ready for More Growth

LULU

Lululemon Athletica (NASDAQ:LULU) stock has been the North Star of retail clothing stocks for more than three years now, averaging more than 37% annually over that time. Year to date, LULU stock is up 55%. And the crazy thing is, with this strong, consistent multi-year growth, the price-to-earnings ratio on the stock is below its average annual stock price growth. That means it’s trading in line with the market’s valuation of this company, even though every recent quarter Lululemon stock has blown past analysts’ expectations. Not only did LULU stock easily beat earnings and revenue expectations, but it registered a 14% increase in same-store sales compared to Q1 last year.

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Wednesday, June 19


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Lululemon Closes Menswear-Only Stores

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VANCOUVER, Canada — Lululemon Athletica Inc has quietly closed its men’s standalone stores in New York City and Toronto even as it plans to more than double its men’s business in the next five years. The New York City men’s location in Manhattan’s swanky Soho neighbourhood, which opened in 2014, was consolidated into a larger format store about four blocks away. The quiet closing of the men’s concept stores doesn’t mean the athleticwear company is giving up on men. Providing a distinct shopping experience for men is something that other major retailers have experimented with in the last several years, especially in major shopping hubs like New York and London. Nordstrom Inc, Bergdorf Goodman and Saks Fifth Avenue operate men’s-only stores in New York City, and J Crew operates men’s shops in several states.

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Tuesday, June 18


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Lululemon launches line of personal care products

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Lululemon Athletica Inc. said Tuesday that it is launching a line of personal care products for men and women online, in 50 Lululemon stores, at select North American studio partners and on Sephora.com. The Selfcare line includes deodorant, dry shampoo and face moisturizer with items for men and women. Lululemon's Chief Product Officer Sun Choe called the new line another way to respond to "feedback that transitioning from sweat to life isn't always easy." Lululemon stock is up 1.4% in Tuesday trading and up nearly 53% for the year so far.

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Lululemon unveils its line of personal-care products as it tries to grow beyond apparel

LULU

Lululemon knows that where there's exercise, there's sweat. In an effort to grow beyond its core apparel business, the maker of trendy yoga pants and patterned sports bras began on Tuesday to sell personal-care products in 50 stores and online. Traffic in its stores was up 8% during the latest quarter, while digital sales surged 35%, surpassing expectations. And while analysts aren't anticipating that momentum will slow down soon, Lululemon is showing there's plenty room to thrive in new categories. Investors love it. As of Monday's market close, Lululemon shares are up more than 50% year to date, bringing the company's market value to nearly $24 billion.

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Monday, June 17


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3 Takeaways from Lululemon Athletica's Earnings Report

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Following a string of surprisingly strong earnings reports from lululemon athletica(NASDAQ: LULU) , analysts had high expectations heading into the retailer's first-quarter release. With the chain's introduction of new products in the core yoga line, its expansion into fresh categories like outerwear, and the growth rates of both its physical and digital sales, everything seemed to be working out for the athletic apparel specialist. Rather than expanding comparable-store sales in the low double-digit range, as lululemon predicted they would back in late March, comps jumped 16% after factoring in foreign currency exchange shifts. That market-thumping growth was comprised of a 6% increase in sales at physical stores and a 35% spike in digital sales. As a result, revenue rose 22% to $782 million; management had issued a target sales range of between $740 million and $750 million.

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What Drove the Expansion in Lululemon’s Q1 Margins

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Lululemon (LULU) impressed investors with double-digit growth in its sales as well as earnings in the first quarter of fiscal 2019, which ended on May 5. The company also saw improved margins in the first quarter—even amid an uncertain macro environment and a challenging retail space.

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Lululemon Athletica inc. (NASDAQ:LULU) Stake Raised by PNC Financial Services Group Inc. – Tech Know Bits

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Semmax Financial Advisors Inc. bought a new position in Lululemon Athletica in the fourth quarter valued at approximately $25,000. Oregon Public Employees Retirement Fund boosted its stake in Lululemon Athletica by 11,283.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 4,023,801 shares during the last quarter. In other Lululemon Athletica news, Director Dennis J. Wilson sold 155,800 shares of the business’s stock in a transaction dated Tuesday, March 26th. Lululemon Athletica announced that its board has initiated a share buyback plan on Wednesday, March 27th that allows the company to repurchase $500.00 million in shares. Wedbush cut shares of Lululemon Athletica from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $176.00 to $155.00 in a research report on Friday, March 22nd.

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