×
S&P 500   3,941.48
DOW   31,928.62
QQQ   287.24
S&P 500   3,941.48
DOW   31,928.62
QQQ   287.24
S&P 500   3,941.48
DOW   31,928.62
QQQ   287.24
S&P 500   3,941.48
DOW   31,928.62
QQQ   287.24

7 Outdoor Living Stocks to Buy Before Investors Go Away For the Summer - 1 of 7

 

#1 - Lululemon (NASDAQ:LULU)

Lululemon Athletica logo

Look good, perform well. That’s the thesis behind buying shares of Lululemon (NASDAQ:LULU). Lululemon burst onto the national consciousness because of their yoga pants. However, the company is so much more than that. It’s an example of premium brands having the pricing power to pass along costs to their consumers.

This pricing power is at the core of my argument for LULU stock because there’s no doubt the stock is overvalued by fundamental metrics. However, every time analysts set a high bar, the athleisure manufacturer climbs over it. As long as it can deliver rising earnings and revenue, the stock price will be supported.

Unlike many of the outdoor living stocks in this presentation, Lululemon was up for the year until recently. However, even a quality stock like LULU has rolled over in the April sell-off. At the time of this writing, the stock is down about 8%. Based on the consensus opinion of analysts, it’s not likely to stay down for very long.

About Lululemon Athletica

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.Read More 
Current Price
$257.51
Consensus Rating
Buy
Ratings Breakdown
19 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$442.76 (71.9% Upside)




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