Lululemon Athletica Inc LULU:NASDAQ

Last Price$428.14Cboe Real-Time Last Sale as of 11:36AM ET 12/08/21
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Realtime quote and/or trade prices are not sourced from all markets
Today's Change-6.81(1.57%)
Bid (Size)$427.31 (100)
Ask (Size)$428.59 (121)
Day Low / High$425.62 - 436.50
Volume620.2 K

Lululemon a Top Pick as E-Commerce Shift, Products Drive Brand's Long-Term Growth, Oppenheimer Says

2:49PM ET 9/17/2021 MT Newswires
Lululemon (LULU) is poised for compounded annual revenue and earnings growth of 18% to 20% over the next five years as the athletic apparel company extends the recent sales surge in the wake of the pandemic, Oppenheimer said Friday in a research note.

"Despite LULU already enjoying significant recognition amongst athleisure consumers, the brand remains in the early stages of expansion and development, within the US and across the globe. LULU continues to rank as a top pick within our consumer growth and e-commerce universe," the analysts wrote in a note.

On Sept. 8, Lululemon reported higher fiscal second-quarter earnings and revenue that surpassed Street estimates.

Oppenheimer raised its share price target for Lululemon to $520 from $405, and reiterated an outperform rating.

" A meaningful shift to a more digital distribution focus and market strategy is working together with improved product

innovation to drive outsized sales and margin expansion at the chain. We remain confident that a solid, if not further fundamental strengthening, will support the stock's premium valuation," said the analysts.

Price: 426.57, Change: +0.13, Percent Change: +0.03