Back to top

Lululemon Stock: Buy LULU for 2020 on Broad Athleisure Growth?

Read MoreHide Full Article

Lululemon (LULU - Free Report) shares have skyrocketed 90% in 2019 to easily outpace giants such as Nike (NKE - Free Report) and Adidas (ADDYY - Free Report) . And the stock has already bounced back from its brief-post Q3 earnings selloff.

Lululemon’s success helped jump start the athleisure age and has forced everyone from Gap (GPS - Free Report) and L Brands’ Victoria’s Secret to Target (TGT - Free Report) all roll out their own athleisure brands and styles. LULU’s ability to expand its reach in the digital age has been vital.

The company has also grown through it own stand-alone brick and mortar expansion, as the likes of Nordstrom (JWN - Free Report) , Macy’s (M - Free Report) , and other department stores fade. Along with its successful women’s athleisure and athletic offerings, the firm has pushed further into outwear and hopes to compete against Canada Goose (GOOS - Free Report) and The North Face (VFC - Free Report) .

Lululemon also now sells far more work-appropriate clothing, self-care products, and more. On top of that, LULU executives expect to double the size of the company’s menswear business by 2023 and expand in Asia.

Lululemon is a Zacks Rank #2 (Buy) right now that might be worth buying for 2020, especially when you take a look at its longer-term outlook.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>

Published in