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Shares of apparel company Lululemon Athletica (NASDAQ: LULU) shot up on Friday after the company provided a solid financial report for its third quarter of 2024 and raised its full-year guidance.
Lululemon trades today at a mere 20.4 price-to-earnings ratio, which is dirt cheap for the stock historically. But that valuation could begin to look quite expensive if sales growth continues to slow.
The stock trades at a P/E ratio of 20.7, which is not only a discount to what Mr. Market is offering Nike at but close to Lululemon's low point in the last decade.
But can Lululemon's stock rise roughly 25% from today's levels to reach $500 in 2025? ... The potential for higher profits in the near term can be a boost for the stock price. According to Wall ...
It's been a rough year for Nike (NYSE: NKE) and Lululemon Athletica (NASDAQ: LULU) investors, with both stocks selling off sharply. Shares of Nike are down about 25% year to date while Lululemon ...
Analysts at the research firm Cowen recently suggested that Lululemon Athletica (NASDAQ:LULU) could be the next Nike (NYSE:NKE). That's excellent news for Lulu stock. Source: Richard Frazier ...
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In the past nine months, Lululemon spent $1.3 billion to buy back its stock, with a fresh $1 billion authorization just added. Consequently, this helped to make the current share count more than 3 ...