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LULU Jun 2024 320.000 call

OPR - OPR Delayed price. Currency in USD
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33.97-14.13 (-29.38%)
At close: 03:58PM EDT
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  • Insider Monkey

    Artisan Mid Cap Fund Exited Lululemon Athletica (LULU) Due To Valuation Discipline

    Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund’s Investor Class fund ARTMX returned 10.41%, Advisor Class fund APDMX posted a return of 10.40%, and Institutional Class fund APHMX returned 10.44%, compared […]

  • Barrons.com

    Teens Are Spending Less This Year. Where Their Allowances Are Going.

    According to Piper Sandler latest semiannual survey of teens, only 11% believe the economy is getting better, while 65% think conditions are getting worse. In Piper Sandler’s fall 2023 survey, self-reported spending was down 1% from a year earlier. With just 38% of survey respondents saying they held a part-time job—and the national teen labor participation rate coming in at 38.2%, well below the average of 62.7%—most teens are getting their pocket money from mom and dad.

  • Yahoo Finance Video

    Lululemon: Teen shoppers prove 'fickle' about brand loyalty

    According to a recent survey from Piper Sandler, Nike (NKE) remains the number one brand for teenage consumers across footwear and apparel. In addition, luxury athleisure brand Lululemon (LULU), which gained popularity among younger shoppers in the past, now has seen a bit of a decline in teen interest. Piper Sandler cited this trend in its decision to cut its price target on Lululemon stock from $525 to $470. Piper Sandler VP and Senior Research Analyst Abbie Zvejnieks joins Yahoo Finance to break down some of the highlights of the survey with athletic wear and the investment bank's outlook for Lululemon's North American growth outlook. On the challenges Lululemon is facing, Zvejnieks states: "The last two years we've seen 11% of upper-income female teens saying this was a new brand that they were wearing. That number has now dropped to around 8.5%. So, I think that new customer acquisition gets more difficult. What I think Lululemon is doing well, they are keeping up with product innovation... We think Lulu is staying very relevant within performance. But, these teen consumers tend to be fickle." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino