#4 - Lululemon (NASDAQ:LULU)
Lululemon Athletica Inc. (NASDAQ: LULU) may be the perfect example of the current economy. The athleisure company continues to beat revenue and earnings expectations despite the impact of higher interest rates and inflation on consumers. However, since the company caters to a more affluent base, it's likely that they still have discretionary income available.
That pattern means Lululemon will be less dependent on the interest rate cuts that the Federal Reserve still says it is planning for later in 2024. And that means the company's stock price, which is up 60% in the last 12 months, is likely to continue to rise.
Trading at around $479 per share as of this writing, Lululemon may not need to split its stock yet. The stock is trading at about its TTM volume. However, if you go further back in the company's history, you'll see the volume is down about 20% from its 15-year average. That coincides with the only time LULU stock split, a 2-for-1 split in 2011.
About Lululemon Athletica
Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
Read More - Current Price
- $379.42
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $377.63 (0.5% Downside)
