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.
A recent survey released by Piper Sandler, which assessed consumer behavior changes amidst COVID-19, concluded that most respondents were generally optimistic about the economy, more than half are spending less since mid-March, and 55% of consumers don’t expect to return to normal spending behavior for >6 months after COVID-19 concerns fade. The Final Round panel breaks down the survey and discusses what the survey means for retailers in a post-coronavirus world.
Amid a 16.4% decline in April retail sales, the athletic apparel retail is still in buy range from a 237.59 entry.
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.
Both of these niche apparel retailers have their fans, but one is better-positioned to thrive in a marketplace reshaped by COVID-19.
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 stock has been a strong performer in the retail sector thanks to bullish fundamentals. But does that make LULU stock a buy?
Lululemon (LULU) closed at $281.50 in the latest trading session, marking a +0.03% move from the prior day.
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.
On Thursday, Cowen provided investors an update on athletics brands and retailers. The firm has an outperform rating on Lululemon, Nike, and Adidas, and is more neutral on peers VFC, Puma and Under Armour. For Lululemon specifically, the firm found that Google search trends are showing the biggest acceleration in history. The Final Round panel discusses the state of "athleisure" amid coronavirus.
(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.
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.”
After a breakout over a 237.59 buy point, the athletic apparel retailer scored an all-time high Thursday.
It might not feel like it right now, as the coronavirus panic is roiling the stock market. But we're still technically in the longest bull market in history at 132 months and counting - a run that sent the best stocks of the group up by several thousand percent.That might not be the case for much longer, but nothing lasts forever. This bull market is destined to come to an end, like all the rest. But it's still worthwhile to stop and consider a run for stocks that shattered all longevity records.The great 1990s bull market (the previous title holder) lasted 113 months and saw the S&P; 500 advance by 417%. That market occurred during the dot-com era, of course, dominated by new technology stocks. The current bull market - which has seen the S&P; 500 advance by 339% - hasn't been quite as spectacular. But technology has been a big story here as well. Retail, medical devices and fintech also have a healthy representation among the biggest winners.Interestingly, energy stocks, which are under intense pressure right now, were underperformers in both epic bull runs.Today, on the 11th anniversary of the bull market, we're going to take a look at the 11 best stocks over that stretch, as well as the 11 biggest losers. To allow for a bigger pool of stocks, we expanded the universe to the full Russell 1000 Index - the 1,000 largest companies in America's equity market. SEE ALSO: 11 Defensive Dividend Stocks for Riding Out the Storm
Raymond James analysts visited an Atlanta mall over the weekend and found shoppers lining up for athletic gear at Nike, Foot Locker and Forever 21.
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.
In the latest trading session, Lululemon (LULU) closed at $251.41, marking a -1.66% move from the previous day.
Yahoo Finance catches up with V.F. Corp CEO Steve Rendle to discuss how the owner of Timberland and Vans is navigating the chopping retail environment.
lululemon athletica inc. (NASDAQ:LULU) today provided details on the company’s phased reopening plan for its global store operations.
Dow Jones futures fell on revived China tensions after Thursday's coronavirus stock market rally. Covid-19 test-maker Co-Diagnostics led earnings movers.