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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.
Lululemon reported third quarter results after the closing bell on Thursday that beat on both the top and bottom lines, sending shares of the company soaring on Friday.Lululemon stock closed ...
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.
Even after the recent collapse in Lululemon's share price, the stock is up 610% over the last 10 years, which is triple the return of the S&P 500 (SNPINDEX: ^GSPC). ... The Today Show.
The last time Lululemon's stock was priced this low was after a pandemic-fueled crash in 2020. ... News. Science & Tech. Shopping. Sports. Weather ...
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 ...
Lululemon shares are a tough sell to this top Wall Street analyst. Here's why.