According to Barchart.com analyst data, two analysts out of 25 consider Lululemon (LULU) a Moderate Sell or Strong Sell. And while I admire the analysts’ moxie, putting a sell rating on one of the world’s most popular apparel brands, the latest news solidifies why you want to own LULU for the long haul.
The company reported Q1 2023 results yesterday after the markets closed. Surprise, surprise, its results were outstanding. LULU is up more than 12% in late Friday morning trading. It continues to underpromise and overdeliver. I would not be surprised if LULU stock hits $400 before too long. Its business is performing too well.
