purplepotato
2021-07-14
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Goldman says buy Lululemon as athleisure brand expands into new categories
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman says buy Lululemon as athleisure brand expands into new categories\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 18:44 GMT+8 <a href=https://www.cnbc.com/2021/07/14/lululemon-lulu-stock-goldman-buy-rating-conviction-list.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s time for investors to jump back intoLululemon, even as American office workers trade in athletic clothes for business casual, according to Goldman Sachs.\nAnalyst Brooke Roach initiated coverage ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/lululemon-lulu-stock-goldman-buy-rating-conviction-list.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LULU":"lululemon athletica","RL":"拉夫劳伦","LEVI":"李维斯","YETI":"YETI Holdings Inc."},"source_url":"https://www.cnbc.com/2021/07/14/lululemon-lulu-stock-goldman-buy-rating-conviction-list.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1188106681","content_text":"It’s time for investors to jump back intoLululemon, even as American office workers trade in athletic clothes for business casual, according to Goldman Sachs.\nAnalyst Brooke Roach initiated coverage of apparel and consumer brands stocks on Wednesday and named Lululemon her top pick. Roach also added the athleisure stock to Goldman’s conviction buy list.\n“We see best in class premium brand positioning and believe new category momentum (men’s / international / inclusive sizing / footwear) will propel sales and margins, supported by upside from membership initiatives driving consumer engagement,” Roach said in a note to clients.\nLululemon was one of the best-performing stocks during the immediate rebound following the pandemic sell-off in early 2020. The stock reached nearly $400 per share in September after falling below $150 in March.\nHowever, shares pulled back from the peak and have struggled to gain traction since as the vaccines and the economic reopening have allowed workers to return to the office.\nEven with that shift, Lululemon should be able to grow across several categories, Goldman said.\n“Growth opportunities are numerous, spanning continued share of wallet capture, men’s brand adoption, geographic expansion, and category extension into footwear,” the note said.\nThe firm set a price target of $447 per share for Lululemon, nearly 21% per share above where the stock closed on Tuesday.\nSeveral other stocks received buy ratings as part of Roach initiating coverage, including Yeti,Ralph Lauren and Levi.","news_type":1},"isVote":1,"tweetType":1,"viewCount":297,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/144116427"}
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