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Lululemon

LULU – Double Bottom + RSI Divergence: Multi-Target Setup After LULU NASDAQ:LULU is showing signs of a potential bullish reversal after forming a double bottom structure around the $220 support zone , along with a bullish divergence on the RSI indicator. Two vertical lines highlight the divergence: while price made a lower low, RSI formed a higher low – indicating a possible momentum shift in favor of buyers. Currently, price is moving just below a descending trendline, which has been acting as dynamic resistance. The first condition for a long setup is a confirmed breakout above this trendline followed by a successful retest. If that happens, an entry can be considered . 📌 Entry Plan: Entry: After a breakout and retest of the descending trendline. 1st TP: ~$247 — This level coincides with a local resistance zone, which may act as a neckline of the double bottom. If price breaks above $247 and retests, it confirms bullish continuation. 📈 Target Structure: 2nd TP: ~$271 — next major resistance zone. 3rd TP: ~$297 — aligns with the first major gap zone. 4th TP: ~$329 — final gap resistance from previous sell-off levels. This structure allows for scaling into the trade in stages — each breakout and retest offers a new confirmation and extension to the next target zone. Volume analysis, price action, and RSI momentum all support the probability of a trend reversal — but confirmation is key. Not financial advice. Always conduct your own research and risk management.
NASDAQ:LULULong
by Binhuseyn
5
LULU Swing Trade Plan – 2025-06-06📉 LULU Swing Trade Plan – 2025-06-06 Bias: Moderately Bearish Timeframe: 5–10 days Catalyst: Oversold momentum, heavy put OI, technical downtrend Trade Type: Single-leg put option 🧠 Model Summary Table Model Direction Strike Entry Price Targets Stop Confidence Grok Moderately Bearish $240 PUT $0.75 +50% < $235 stock 72% Claude Moderately Bullish $280 CALL $2.74 +45–100% –50% premium 75% Llama Moderately Bearish $260 PUT $4.40 +50% ($6.60) $2.00 75% Gemini Strongly Bearish $240 PUT $0.75 +100–200% $0.37 75% DeepSeek Moderately Bullish $300 CALL $0.64 +100–200% $0.32 75% ✅ Consensus: Oversold with strong bearish trend ⚠️ Disagreement: Some models expect a bounce; others expect continued capitulation 📉 Technical & Sentiment Summary Trend: Strong multi-timeframe bearish (price below all major EMAs) RSI: Deeply oversold across charts MACD: Bearish with early signs of momentum fading Sentiment: Heavy put OI at $240/$260, falling VIX, some speculative reversal interest Max Pain: $300 (well above current) ✅ Final Trade Setup Parameter Value Instrument LULU Direction PUT (SHORT) Strike $260 Expiry 2025-06-20 Entry Price $4.40 Profit Target $6.60 (≈+50%) Stop Loss $2.20 (≈–50%) Size 1 contract Entry Timing At market open Confidence 75% 💡 Rationale: Balanced premium vs. downside exposure, fits current trend and offers high R/R around near-the-money strike ⚠️ Key Risks & Considerations Oversold RSI: May cause short-lived relief rally Macro Reversal: Broader risk-on rally or LULU-specific positive catalyst could invalidate trade Theta Decay: Accelerates next week → use time-based stop if trend fades
NASDAQ:LULUShort
by quantsignals
LULU Earnings Setup – Undervalued Deep OTM Put Play?🧘‍♀️ LULU Earnings Setup – Undervalued Deep OTM Put Play? 💣 📅 Earnings: June 5, 2025 (AMC) | ⏳ Expiry: June 6, 2025 (1D) 🎯 Strategy: Low-premium put for “sell-the-news” drop after extended rally 🔍 Multi-Model Analyst Summary Model Bias Strike Premium Confidence Comment Grok/xAI Moderately Bullish 335C 14.45 65% IV high, but calls rich Claude Moderately Bearish 330P 12.75 65% Max pain gravity Llama Moderately Bullish 340C×2 12.15 80% Above key MAs, peers strong Gemini Moderately Bearish 302.5P 3.15 65% Heavy put OI at $325 DeepSeek Moderately Bearish 285P 0.88 65% Unusual put volume at $285 📊 Technical & Sentiment Highlights IV Rank: 0.68 → High risk of IV crush post-earnings Expected Move: ±8.49% (~$28.45) Max Pain: $325 – indicates potential pullback/pin scenario Key Risk Factors: Governance flags, mixed sector sentiment, peer strength offsets margin concerns Liquidity Check: $285 put OI = 2,725; volume = 2,088 → ✅ tradable 🎯 Trade Setup – Earnings Put Play Instrument: LULU Direction: PUT (SHORT) Strike: $285.00 Expiry: 2025-06-06 (Friday) Entry Price: $0.88 Profit Target: $1.00 (≈13.6% gain) Stop Loss: $0.25 (≈71.5% of premium) Size: 1 contract Entry Timing: End of day 6/5 (pre_earnings_close) Confidence Level: 70% ⚠️ Risk Management Notes 💥 Requires big move (~15.3% drop to break even) ⏳ 1-day expiry = fast theta burn – quick exit post-earnings 🎢 IV Crush: Even a small move might not offset premium decay 🧾 Audit-related risk: News drop or weak guidance could trigger panic selling 🧠 Rationale After a strong run-up into earnings and elevated IV levels, LULU is vulnerable to a "sell-the-news" event. The $285 put is deep OTM but has strong volume and fits within the low-risk, high-reward zone. Risk is capped, and reward could exceed 100%+ with a strong bearish move.
NASDAQ:LULUShort
by quantsignals
1
LULU Lululemon Athletica Options Ahead of EarningsIf you haven`t bought LULU before the previous earnings: Now analyzing the options chain and the chart patterns of LULU Lululemon Athletica prior to the earnings report this week, I would consider purchasing the 325usd strike price Puts with an expiration date of 2025-6-6, for a premium of approximately $10.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:LULUShort
by TopgOptions
Breaking: Lululemon Shares Dip 12.80% In Friday's Premarket lululemon athletica inc., (NASDAQ: NASDAQ:LULU ) together with its subsidiaries, designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the United States, Canada, Mexico, China Mainland, Hong Kong, Taiwan, Macau, and internationally saw it's shares tanked nearly 15% in Friday's premarket trading after reporting earnings and revenue beats for its fourth-quarter earnings on Thursday. Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted a survey earlier this month that found that consumers are spending less due to economic and inflation concerns, resulting in lower U.S. traffic at Lululemon and industry peers. McDonald said. “There continues to be considerable uncertainty driven by macro and geopolitical circumstances. That being said, we remain focused on what we can control.” In light of that, Shares of the apparel company fell more than 10% in extended trading on Thursday and extended the loss to premarket session dipping 12.80%. Here’s how the company did compared with what Wall Street was expecting for the quarter ended Feb. 2, based on a survey of analysts by LSEG: Earnings per share: $6.14 vs. $5.85 expected Revenue: $3.61 billion vs. $3.57 billion expected Fourth-quarter revenue rose from $3.21 billion during the same period in 2023. Full-year 2024 revenue came in at $10.59 billion, up from $9.62 billion in 2023. Lululemon’s fiscal 2024 contained 53 weeks, one week longer than its fiscal 2023. Excluding the 53rd week, fourth-quarter and full-year revenue both rose 8% year over year for 2024. Lululemon expects first-quarter revenue to total $2.34 billion to $2.36 billion, while Wall Street analysts were expecting $2.39 billion, according to LSEG. The retailer anticipates it will post full-year fiscal 2025 revenue of $11.15 billion to $11.30 billion, compared to the analyst consensus estimate of $11.31 billion. For the first quarter, the company expects to post earnings per share in the range of $2.53 to $2.58, missing Wall Street’s expectation of $2.72, according to LSEG. Full-year earnings per share guidance came in at $14.95 to $15.15 per share, while analysts anticipated $15.31. Technically, shares of Lululemon ( NASDAQ:LULU ) will form a gap down pattern which is a bearish scenario should market session open. However, the RSI at 59 is strong enough to hold the bears in the 23.6% Fibonacci retracement point a level serving as support point for NASDAQ:LULU should selling pressure increase. Analyst Forecast According to 27 analysts, the average rating for LULU stock is "Buy." The 12-month stock price forecast is $394.19, which is an increase of 15.42% from the latest price.
NASDAQ:LULU
by DEXWireNews
$NKE! I am on the KIM pump to $125 (YES we can) Confessions from the Desk: Can Kim K Save Nike, or Did Nike Just Buy SKIMS? Fresh off two weeks of solid busts (both in the market and in my morale), I’ve decided to pivot—because clearly, my current trading strategy has all the accuracy of a broken Magic 8-Ball. This week, I’ve dipped my toes into consumer goods and sportswear, because if there’s one thing Americans will never stop buying, it’s overpriced gym clothes they never actually work out in. And right on cue, Nike is making headlines. Did Nike just buy SKIMS, or did they just recruit Kim K to save their soul? Hard to say. Either way, the company is betting big on a Made in USA push—because nothing screams patriotism like a $120 athleisure set stitched together with the finest American thread. This marks the first global advertising campaign under the new CEO, and let’s be real—the stakes are high. The real question is: Is Kim Kardashian the savior Nike needs?
NYSE:NKE
by TwoBULLISH
1
LULU, a stock to watch!Lululemon stock (LULU) has traded down into the $230's for the first time since the COVID-19 Crash of 2020. I believe that LULU is a stock to keep your eye on, for a few reasons. - The stock is trading at a 20x p/e whereas its historical p/e is in the mid 40's. - Margins for the company have all been steady, and remain an industry leader. - Lululemon is still set to see 10% CAGR for EPS in the next 5 years. (consensus) - The stock is seeing a severe correction, on par with its past decade corrections. Above is bullish sentiment on LULU, and can be considered the "bull/base case" Personally, I have not turned bullish on LULU yet, but with the levels it is reaching it has most certainly caught my eye and has been added to my watch list. While the stock is seeing oversold levels, I think the midterm outlook can still remain bearish for Lululemon. Below are reasons why the short/midterm outlook for LULU may not be optimal. - Weaker forward projections compared to last 5 years. Though LULU is expecting 10% CAGR EPS for the next 5 years, that is just a fraction of its last 5 year CAGR of 38.55%. While projections are still positive, they have certainly dampened compared to recent years' growth. - Macroeconomic environment. Though the economy remains hot/fine for now, there have been warning signs flashing of a rising unemployment figure across the country. With suboptimal economic conditions, the average consumer may cut down on expensive Lululemon clothing. These Macro conditions may also continue to dampen the economy, which can cause an overall market correction, where LULU would likely follow the sentiment. Overall, I believe that LULU offers significant reward, but the shorter term horizon is still worrisome for Lululemon and the global economy. Lululemon is a leader in the Retail Trade sector and dominates when it comes to profitability. The stock is definitely one to keep an eye on if it continues to get crushed. Regarding technicals, I am watching this demand zone around the 200 level. The stock could trend down to this area, and reach close to COVID-19 lows if sentiment does not change. This area could also offer significant R/R for an entry point. Disclosure: I currently hold no position in LULU stock, and have never been a shareholder.
NASDAQ:LULU
by ZachSap
Lululemon ($LULU) Slides After Q2 Earnings; Key Levels to WatchLululemon Athletica Inc. (NASDAQ: NASDAQ:LULU ) experienced a sharp pullback early Friday despite posting better-than-expected earnings in Q2. The activewear giant’s outlook and revenue missed analysts' expectations, fueling investor concern. Fundamental Analysis Lululemon (NASDAQ: NASDAQ:LULU ) reported Q2 earnings of $3.15 per share, a 17.5% increase year-over-year, surpassing the FactSet consensus estimate of $2.93 per share. Revenue rose 7% to $2.37 billion but fell short of the expected $2.4 billion. Despite the earnings beat, Lululemon’s revenue growth has slowed over the past two quarters, raising concerns about the company's ability to maintain its momentum amid rising competition and shifting consumer behavior. Q3 and Full-Year Guidance: A Mixed Bag For Q3, Lululemon (NASDAQ: NASDAQ:LULU ) guided revenue to be in the range of $2.34 billion to $2.365 billion, representing a 6% to 7% growth rate, with earnings projected between $2.68 and $2.73 per share. This was slightly below analysts' expectations of $2.70 per share on $2.4 billion in sales. Lululemon’s full-year sales guidance of $10.38 billion to $10.48 billion also missed the market consensus of $10.6 billion, while the earnings outlook of $13.95 to $14.15 per share was aligned with estimates of $14.01 per share. Key Concerns: Slowing Growth and Competitive Landscape Earnings and revenue growth have decelerated, reflecting broader market trends such as weakened consumer spending amid inflationary pressures. Comparable store sales increased by 2%, below the anticipated 5.9%. The company also faces rising competition from other athletic apparel brands and general retail slowdowns, impacting sales growth. Additionally, Lululemon’s missteps, such as the troubled launch of its Breezethrough leggings, have weighed on investor sentiment. Technical Analysis Lululemon’s stock has been on a steep decline, dropping nearly 49% year-to-date. However, shares showed signs of breaking this downtrend in premarket trade on Friday, climbing 4.6% to retest key technical levels. Descending Channel and Moving Averages Since gapping below the 200-day moving average (MA) in late March, Lululemon (NASDAQ: NASDAQ:LULU ) has traded within a descending channel, marking a persistent multi-month downtrend. In recent weeks, the stock attempted a breakout but faced resistance near the channel’s top trendline and the 50-day MA. Premarket trading indicates a potential retest of these areas, setting up a pivotal moment for the stock. Key Technical Levels to Watch 1. $272 Resistance: This level coincides with the descending channel’s top trendline and the downward-sloping 50-day MA. A decisive move above this could signal a breakout, prompting further buying interest. 2. $293 Target: The next significant resistance lies around $293, close to the 23.6% Fibonacci retracement level from the December high to the August low. This level also aligns with key lows in May and July, suggesting potential selling pressure. 3. $335 Region: Should momentum carry Lululemon higher, the $335 level near the 38.2% Fibonacci retracement could be the next target. This area could see resistance from notable swing highs and lows in April and June. 4. $371 Long-Term Target: A sustained uptrend could see the stock approach the 50% Fibonacci retracement level at $371, where profit-taking might occur. This level aligns with April’s countertrend peak, situated near the descending channel’s upper boundary. Conclusion Lululemon faces a challenging road ahead as it seeks to regain investor confidence amid slowing growth and competitive pressures. While the company’s earnings beat expectations, its cautious outlook and revenue shortfall highlight broader industry challenges. On the technical front, key levels could determine the stock’s next move, with a potential breakout above $272 setting the stage for a more extended rally. Investors should closely monitor these technical markers alongside Lululemon’s ongoing strategic initiatives and broader economic trends to gauge the stock’s recovery prospects.
NASDAQ:LULUShort
by DEXWireNews
Lululemon: Downward Dog Days Ahead? - A Wyckoff Distr AnalysisINTRO I have been sitting on this idea for a while and finally decided to put the pen to the pad. For the past three years, there have been signs that Lululemon's stock may be destined for a decline. This trade idea will explore the potential for a downtrend using Wyckoff analysis, a technical analysis pattern used to identify trends within a market cycle. The Wyckoff Distribution theory suggests that large institutions subtly distribute their holdings and initiate short positions before a significant price decline. This distribution unfolds in five distinct phases, each with its own characteristics. In this article, I'll describe these phases and analyze how they might be seen in Lululemon's case. For reference, this is the schematic I will be comparing my LULU case to. The Setup The company's story began in 2008 with its founding. Like most companies, it was affected by the 2008 financial crisis and faced challenges in its performance. However, it recovered strongly over the next 3 years, with its stock price increasing by almost 3,700% from its low in 2009 to its high in 2012. From 2012 to 2018, the stock underperformed as its valuation took some time to catch up. During this period, LULU steadily improved its financial performance, attracting the attention of smart investors who began accumulating shares. Phase A The distribution phase marks the end of the prior uptrend. Up to this point, buyers have been dominant, but now we see evidence of institutional selling with the preliminary supply (PSY) and the buying climax (BC). The BC indicates the end of the uptrend as institutions freely unload shares. The low created after the BC is called the automatic reaction (AR). This low is important because it represents the lowest price at which institutions are willing to sell their shares. The AR and BC form our distribution channel, and there will be secondary tests (ST) of these ranges. Phase B Phase B functions to create momentum in preparation for a new downtrend. During this phase, institutions and large professional interests sell off their holdings and start taking short positions. This is typically marked by low-volume rallies and high-volume declines. Additionally, we may witness signs of weakness (SOW) and upthrusts (UT), which are further tests of supply and demand as institutions assess interest. Note the volume as the stock price advances and declines. Phase C Phase C is an optional phase that primarily serves as a test of the remaining demand. You can identify it by the UpThrust After Distribution (UTAD), which is a price move above the trading channel resistance that quickly reverses and closes back within the channel. It is a bull trap – it appears to signal the resumption of the uptrend but in reality, it is intended to trick uninformed break-out traders. It is used to snag additional shares short at elevated prices before a decline. Note the volume spike to create the UTAD and the volume spike to take it away. Phase D In Phase D, there is growing evidence that the uptrend is coming to an end. Sellers take control, leading to a clear break of support or a decline below the midpoint of the trading channel after a UT or UTAD. During this phase, there are typically several weak rallies, each marked by the last point of supply (LPSY). Phase E The final phase of the cycle is Phase E. It depicts the unfolding of the downtrend; the stock leaves the channel to the downside and supply is in control. This represents a high-probability opportunity to sell short. Subsequent rallies during the newly formed downtrend are quickly washed with selling. We haven't entered Phase E yet, but the chart is currently aligning well with our expectations. Given that the pattern has taken 3 years to form, it will likely result in a longer-term short. I believe that targeting the 150s is reasonable if the analysis is accurate. I would appreciate hearing your thoughts on this.
NASDAQ:LULUShort
by Decam9
9
$LULU counter trend rally?I've seen a lot of chatter on Twitter lately about NASDAQ:LULU since it's now 40% off the highs from the beginning of the year... this led me to look at the chart, and to me it's looking pretty bottomed out in the short term. As you can see on the chart, we've largely been ranging in a large channel since 2021. It would make sense to me that we'd see one more counter trend rally here (3rd touch on support) up to $384-$465 or so (around 40%-70% move higher). Note: There's also a possibility of a wick down to the support at $273. This might make a better entry. Losing that support level would invalidate the idea. I think this move is likely to play out sometime over the next 2 or so months (if that support holds). Let's see if it plays out.
NASDAQ:LULULong
by benjihyam
Lululemon: Still Sweating It Out in the Athleisure Arena?Lululemon: Still Sweating It Out in the Athleisure Arena? Lululemon, once the undisputed queen of the yoga pant kingdom, is facing a new reality in the ever-evolving world of athleisure. While the brand still boasts a loyal fanbase and undeniable brand recognition, questions linger about its ability to maintain relevance against a growing legion of competitors. The Rise and Reign of Lululemon Lululemon's story is one of meteoric ascent. Founded in 1998, the company carved a niche for itself by prioritizing quality and functionality in yoga apparel. Their signature Luon fabric, known for its breathability and sweat-wicking properties, became a game-changer. Lululemon cultivated a community around its stores, fostering a sense of belonging and exclusivity. Their high price points weren't just tolerated, they were seen as a badge of quality. The Changing Landscape of Athleisure However, the landscape has dramatically shifted. Athleisure is no longer confined to yoga studios. It's a mainstream fashion choice, embraced for everything from workouts to errands. This has opened the door for a flood of competitors offering similar – and sometimes more affordable – options. Competition Heats Up Mainstream brands like Nike and Adidas have aggressively expanded their athleisure offerings. Fast-fashion retailers like H&M and Zara are churning out trendy athleisure pieces at a fraction of the price. Upstart brands with innovative materials and designs are also vying for market share. Lululemon is no longer the only game in town. Beyond the ABC Pants Lululemon's reliance on its core products, like the ubiquitous Align leggings and ABC (Anything But Compression) pants, might be holding them back. While these remain popular, they haven't kept pace with the evolving trends. Consumers are looking for a wider variety, from high-performance workout gear to stylish athleisure pieces that seamlessly transition from gym to brunch. The Scrunchie Factor Lululemon's recent forays into accessories like belt bags and hair scrunchies raise questions about their brand direction. While these might generate some additional sales, they risk diluting the brand's core identity as a leader in performance apparel. Staying Relevant: A Path Forward So, has Lululemon lost its relevance? Not necessarily. But they face an uphill battle. Here are some ways they can stay competitive: • Embrace Innovation: Lululemon needs to continue innovating, developing new fabrics and designs that cater to the diverse needs of today's athleisure consumer. • Expand the Product Range: Offering a wider variety of styles and price points can attract a broader customer base. This doesn't have to compromise their core focus on quality, but it does require strategic expansion. • Cater to Different Activities: Lululemon can move beyond the yoga studio and cater to a wider range of athletic pursuits, offering specialized apparel for running, training, and other fitness activities. • Focus on Community: Lululemon's community focus has always been a strength. They can leverage this by creating engaging in-store experiences, hosting workshops, and building a stronger online community. • Sustainability Matters: Consumers are increasingly concerned about sustainability. Lululemon can solidify its position by prioritizing eco-friendly practices throughout their supply chain. Lululemon's legacy in the athleisure industry is undeniable. But their future success hinges on their ability to adapt, innovate, and cater to the market's ever-changing needs. The days of dominance built solely on high-priced yoga pants are likely over. The road ahead requires a focus on product diversification, strategic expansion, and a renewed commitment to staying at the forefront of the athleisure revolution.
NASDAQ:LULUShort
by bryandowningqln
LULU: Luxury Powerhouse & Multi-Decade TrendsetterKey Rationale: Fundamentals remain intact making this a very attractive time to be contrarian, ignore the pessimism and buy the dip. Always nice to buy what you know and can see around you. Comments: Credited with the development of athleisure. Hasn't yet seized Pickleball market opportunity. Incessant selling due is unwarranted with one executive departing. One of the best available Ex-U.S. stocks. Potential tailwind off the back of Ozempic & GLP-1 craze. Still a profitability powerhouse with pricing power because of its iconic brand. Same-store sales are growing exponentially, and an expansionary opportunity abroad. Narrow Moat, Exemplary Capital Allocation. Luxury market is different from discount competitors, and luxury brands are seldom cheap. 3-Star Valuation on Morningstar, hasn't been this cheap since 2017. Stellar Profitability, Growth, and Quality scores in GreenBlue (4, 29, and 125 out of 2982) Proprietary Scores: GreenBlue Cumulative Rank: 128/2982 (Lower = Better) GreenBlue Current Rank: 407/2982 (Lower = Better) GreenRed Rank: 225/499 (Lower = Better) Gurufocus Score: 97/100 (Higher = Better) Company Profile: Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada. Competitors: ROST, TJX, BURL, GPS, URBN Risks: This goes the path of Nike and is dead money for the near future.
NASDAQ:LULULong
by RHTrading
Lululemon Stock Sinks 6.38% As Chief Product Officer ResignsLululemon Athletica ( NASDAQ:LULU ) has announced an organizational restructuring, with Chief Product Officer Sun Choe resigning to pursue another opportunity. The company stated that the changes are designed to support the company's growth plans, accelerate product innovation, and enable its go-to-market strategies. Lululemon ( NASDAQ:LULU ) will not replace the CPO position. Global Creative Director Jonathan Cheung will drive the product design and innovation roadmap, while continuing to oversee design, innovation, and product development at the firm. Several analysts have argued that the move is a bad sign for the company, as Lululemon ( NASDAQ:LULU ) faces a slowing apparel market and tough competition. Lululemon shares ( NASDAQ:LULU ) were down about 7% to $299.95 as of 10:21 a.m. ET Wednesday. The stock was down 4.4% premarket Wednesday after the company announced the departure of its chief product officer and said it would overhaul its product and brand teams. Lululemon ( NASDAQ:LULU ) will now have Jonathan Cheung, global creative director, report directly to Chief Executive Calvin McDonald and oversee product design and innovation. Cheung has more than 30 years of experience in senior leadership roles at global brands. Lululemon will also create a new team of leaders from merchandising and brand functions to manage global and regional go-to-market strategies. Nikki Neuburger will become chief brand and product activation manager to oversee merchandising, footwear, and product operations on top of her current responsibilities. Elizabeth Binder, chief merchandising officer, will report to Neuburger. Wedbush analyst Tom Nikic believes the selloff seems overdone and is likely due to how well-liked and well-respected Choe was by Wall Street. Lululemon ( NASDAQ:LULU ) has been a "notable laggard" in Wedbush's coverage this year, with the stock down 37% and the S&P 500 SPX having gained 12%. Choe's reign saw Lululemon's revenue grow by about 4%. Technical Outlook Lulu Lemon ( NASDAQ:LULU ) stock is down 6.47% as of the time of writing trading with a Relative Strength Index (RSI) of 20.47 which is oversold. The stock has been on a falling wedge pattern for over 8 weeks now.
NASDAQ:LULU
by DEXWireNews
Lululemon ($LULU) Set to Lay-off 128 EmployeesLululemon Athletica ( NASDAQ:LULU ), the Vancouver-based apparel retailer, has announced the closure of its distribution center in Washington state by the end of the year, resulting in the layoff of over 100 employees. The company cited business optimization efforts as the reason behind the closure. According to a WARN notice filed with the state's Employment Security Department, the Sumner distribution center will be shuttered, and 128 jobs will be cut beginning June 21. The move comes as Lululemon ( NASDAQ:LULU ) experiences slowing demand for its premium athleisure in North America, which has resulted in lower orders for sportswear and apparel firms due to excessive inventory levels at sporting retailers. Lululemon ( NASDAQ:LULU ) has stated that some of the employees affected by the closure will be retained and relocated to other facilities, including the recently opened distribution center in the greater Los Angeles area. The retailer had entered into a new lease for an approximately 1.26 million-square-foot distribution center in Ontario city in California in 2021, which will expire in 2039, according to its annual filing. Lululemon ( NASDAQ:LULU ) also owns a distribution center in Groveport, Ohio, while leasing the majority of its other facilities located across the United States, Canada, and Australia. The company's shares have dropped more than 31% so far this year.
NASDAQ:LULULong
by DEXWireNews
Lululemon ($LULU) Plunges 18% on Disappointing OutlookLululemon Athletica Inc. ( NASDAQ:LULU ) encountered a tumultuous Morning trading trading session on Friday, with shares plunging 18.47% following the company's release of guidance that failed to meet analysts' expectations. Amidst challenges in its Americas business and a notable shift in U.S. consumer behavior, the Vancouver-based activewear retailer painted a cautious picture for the upcoming quarter and full year. Lululemon ( NASDAQ:LULU ), a prominent name in the activewear industry, experienced a stark decline in its stock price on Friday, as investors grappled with the company's subdued outlook for the near future. Despite reporting impressive earnings and revenue figures for the holiday quarter ending January 28, Lululemon's forward guidance fell short of Wall Street's estimates, triggering a sharp sell-off. CEO Calvin McDonald acknowledged the evolving dynamics in the U.S. consumer landscape during the company's earnings call, attributing the slower start to the year to shifting consumer preferences and constraints in sizing and color options. While international sales, particularly in China, displayed robust growth, concerns lingered over stagnating sales in the Americas region, signaling potential challenges ahead. Analysts had anticipated stronger revenue and earnings projections for both the current quarter and full year, but Lululemon's guidance painted a more conservative picture, citing uncertainties in consumer behavior and market conditions. The company's outlook, which forecasts modest top-line growth and diluted EPS figures below consensus estimates, raised apprehensions among investors about the sustainability of its growth trajectory. Technical Outlook Lululemon ( NASDAQ:LULU ) stock is currently trading below its Moving Averages indicating selling pressure on the ticker, further ascertaining to the thesis, is the weak Relative Strength Index (RSI) of 26 indicating the bears are pushing the share price lower.
NASDAQ:LULU
by DEXWireNews