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  4. Is lululemon a Good Momentum Stock to Buy?
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Is lululemon a Good Momentum Stock to Buy?

Athleisure apparel retailer Lululemon Athletica’s (LULU) stock price skyrocketed recently after the company reported blockbuster earnings driven by continued momentum across...
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Is lululemon a Good Momentum Stock to Buy? © Reuters. Is lululemon a Good Momentum Stock to Buy?

Athleisure apparel retailer Lululemon Athletica’s (LULU) stock price skyrocketed recently after the company reported blockbuster earnings driven by continued momentum across all its business channels. However, given supply chain woes because of pandemic-related factory shutdowns in Vietnam, will LULU’s shares be able to maintain their momentum? Let’s discuss.Canada-based athletic apparel company Lululemon Athletica Inc. (NASDAQ:LULU) designs, distributes, and sells athletic apparel and accessories for women and men through company-operated stores and direct-to-consumer channels. Shares of LULU have jumped 9.5% in price over the past five days and 25.7% over the past three months.

The apparel retailer’s stellar price performance can be attributed to its solid second-quarter earnings, which beat consensus estimates. In addition, the company witnessed sustained strength in e-commerce during the quarter and raised its full-year outlook for revenue and profits.

The stock is currently trading 3.2% below its $434.22 all-time high, which it hit on September 9. Although the company’s continued momentum across all its business segments and improved product offerings boosted its revenue in its last reported quarter, the stock’s significantly higher valuation than many of its peers in the retail sector is a concern. Furthermore, supply chain headwinds and pandemic-related challenges could lead to bearish investor sentiment.

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01-05-2024 10:45:17 (UTC+7)

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 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
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 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
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 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
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 Lufthansa6.714Neutral
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