#5 - Lululemon Athletica (NASDAQ:LULU)
Lululemon Athletica Inc. (NASDAQ: LULU) has been one of the worst-performing stocks in 2024. As of this writing, the stock is down over 46% for the year. That’s pushed its loss for the last 12 months to over 28%.
In some ways, that was to be expected. The company’s line of athleisure wear is iconic, but also at an uncomfortable price for many consumers who are getting pinched by inflation. What may be more concerning is that some consumers and analysts are citing a lack of innovation as a reason for fading LULU stock.
But this is an example where growth investors should pay more attention to what investors do more than what they say. Even with lower price targets, the consensus price target for LULU stock is $354.94, which is 31% higher than its price as of this writing. It's also fair to note that while Lululemon missed slightly on analysts' forecasts for revenue in its most recent quarter, the number was still higher year-over-year.
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
- $321.18
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 19 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $356.03 (10.9% Upside)
