文章核心观点 - Lululemon是一家受欢迎的运动服装零售商,过去多年其股价一直是华尔街的宠儿[1] - 但Lululemon今年股价下跌46%,主要是由于公司给出的2024财年业绩指引低于分析师预期[2] - 尽管如此,Lululemon仍有望在2023财年实现10%-11%的营收增长,保持良好的扩张态势[2] 公司表现和估值分析 - Lululemon连续15个季度超越了盈利预期,但最近一季度的疲弱前景导致股价大跌[4] - 尽管面临消费疲软的担忧,Lululemon预计2023财年第一季度营收仍将同比增长10%至22亿美元,每股收益也将增长4%至2.38美元[5] - 从历史表现来看,Lululemon过去5年股价上涨75%,10年涨幅达600%,远超同行业和大盘[7] - 目前Lululemon的市盈率仅为21.7倍,处于历史最低水平,较历史中位数35.5倍有38%的折价[8]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lululemon (LULU) .Lululemon currently has an average brokerage recommendat ...

lululemon athletica inc. (LULU) is likely to witness top and bottom-line growth when it reports first-quarter fiscal 2024 results on Jun 5, after market close.The Zacks Consensus Estimate for fiscal first-quarter sales is pegged at $2.2 billion, indicating a 9.9% increase from the year-ago quarter's reported figure. The consensus estimate for the company's fiscal first-quarter earnings is pegged at $2.39 per share, suggesting a 4.8% rise from the year-ago quarter’s actual. Earnings estimates have been uncha ...

报告公司投资评级 - 报告给予露露乐蒙（LULU.O）买入评级 [3] 报告的核心观点 - 美国市场消费者支出疲软,中国内地市场持续高速增长 [1] - 北美市场高端运动休闲品需求减弱,国际市场保持高增长 [2] - 直营门店和电商渠道均有所增长,中国内地门店快速扩张 [3] - 24年指引不及预期,公司预计FY2024第一季度营收和全年营收增速有所下降 [3] 公司投资评级和目标价 - 考虑到露露乐蒙在国际市场有巨大的扩张空间,报告调整目标价至350美元,较当前价格有15.51%的上升空间 [3] 财务摘要 - FY2023第四季度,营收同比增长15.6%至32.1亿美元,净利润同比增长458.8%至6.7亿美元,营业利润率为28.5%,较上财年增长17.2个百分点,毛利率增长4.3个百分点至59.4% [1] - FY2023全年营收同比增长18.6%至96.2亿美元,净利润同比增长81.4%至15.5亿美元,营业利润率为22.2%,较上财年增长5.8个百分点,毛利率增长2.9个百分点至58.3% [2] - 分地区看,北美市场营收同比增长11.9%至76.3亿美元,中国内地市场营收同比增长67.2%至9.6亿美元,其他地区营收同比增长42.9%至10.2亿美元 [2] - 分渠道看,直营门店销售总额同比增加20.9%至44.1亿美元,DTC销售总额同比增长16.5%至43.1亿美元,其他渠道收入同比增长17.7%至9亿美元 [3] - FY2023公司一共新增56家直营门店,其中中国内地/美国地区分别新增28/17家,直营门店总数达到了711家 [3] 风险提示 - 报告未提及风险提示

Lululemon (LULU) ended the recent trading session at $298.54, demonstrating a +1.11% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.74%. On the other hand, the Dow registered a loss of 1.06%, and the technology-centric Nasdaq decreased by 0.58%.The athletic apparel maker's shares have seen a decrease of 18.12% over the last month, not keeping up with the Consumer Discretionary sector's gain of 0.73% and the S&P 500's gain of 4.27%.Analysts an ...

Lululemon (LULU) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this athletic apparel maker have returned -18.1%, compared to the Zacks S&P 500 composite's +4.3% change. During this period, the Zacks Textile - Apparel industry, which Lululemon falls in, has lost 5.2%. The key question now is: What could be the stock's future directio ...

文章核心观点 - 三只深度植根于美国消费者日常生活的股票被打折,值得关注 [1] - 投资者应该认识到这些公司背后的强大品牌护城河和财务状况 [1][2] - 分析师认为这些股票将在美国消费者情绪暂时下滑后复苏 [1][6] 行业总结 - 尽管美国消费者情绪最近有所下降,但消费者仍然会继续购买他们认为重要的商品,如星巴克、Lululemon和Target [5][6][7][8] - 即使消费者信心下降,通胀依然居高不下,这表明消费需求不会消失 [8] 星巴克总结 - 星巴克的毛利率为27.7%,高于饮料行业平均水平,显示出其强大的品牌渗透力和定价能力 [11] - 尽管第一季度收入下降3%,但星巴克仍在继续扩张门店数量,因为这个下滑与品牌无关,而是受到经济因素的影响 [12][13] - 分析师预计星巴克股价有45.7%的上涨潜力 [14] Lululemon总结 - Lululemon收入同比增长16%,其中国际销售增长54%,这使得其营业利润率从11.3%提高到28.5% [15][16] - 随着Lululemon在全球范围内实现规模经济,其投资回报率(ROIC)平均达到26%,分析师预计其今年每股收益将增长11.5% [16][17] - 分析师给予Lululemon股票460.83美元的目标价,较当前价格有53.5%的上涨空间 [17] Target总结 - Target收入同比下降3.2%,净利润下降近1% [19] - 但Target近期大幅投资门店改造和物流网络,使得投资回报率(ROIC)从20%下降到8.3%,随着这些投资接近尾声,ROIC有望恢复 [20][21] - 分析师给予Target 180.41美元的目标价,较当前价格有24.2%的上涨空间 [20]

星巴克核心观点 - 星巴克是全球最具标志性的消费品牌之一 全球门店数量超过38,000家 管理层计划到2030年将门店数量扩大至55,000家 [2] - 公司正经历短期困境 上季度营收同比下降2% 主要因北美和中东市场表现疲软以及中国市场复苏慢于预期 [2] - 管理层将全年营收增长预期从原先的7%-10%下调至低个位数 但仍预计将实现正增长 [2] - 国际业务仍是重大机遇 上季度表现优于北美市场 公司计划到2028年在印度运营1,000家门店 [3] - 股票当前远期市盈率为22倍 处于多年来最佳估值水平 华尔街预计其长期盈利将保持两位数年化增长率 [3] Lululemon Athletica核心观点 - 在需求疲软环境下仍保持强劲增长 上一财年第四季度营收同比增长16% 管理层预计本财年营收将增长11%-12% [4] - 采用本地化营销策略（包括店内课程、马拉松等活动）建立品牌忠诚度 从温哥华一家门店发展成为全球增长现象 [4] - 运动服装行业规模超过3,500亿美元且仍在增长 公司今年计划在北美以外地区新开30家门店 [5] - 品牌在大多数市场知名度相对不足 但产品线不断扩展 近期推出了首个鞋类系列以吸引更广泛客户群 [5] - 股票远期市盈率为21倍 华尔街分析师预计其盈利将以每年13%的年化速度增长 [5] 股价表现与投资机会 - 两只股票均从前期高点下跌约37% 出现大幅回调 [1] - Lululemon股票在过去十年中六次从高点下跌30%或更多 星巴克股票在过去二十年中仅四次出现如此大幅下跌 [1] - 近期销售指引疲弱导致股价下跌 但两家公司均为顶级品牌且仍具增长潜力 [1]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lululemon Athletica. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Key TakeawaysLululemon Chief Product Officer Sun Choe resigned as the company announced an organizational restructuring.The fashion workout apparel maker said it would not replace the CPO position.Shares slumped to their lowest level in more than a year Wednesday. Shares of Lululemon Athletica (LULU) fell to their lowest level in more than a year Wednesday, a day after the maker of fashion workout clothes shook up its organizational structure and announced the departure of Chief Product Officer Sun Choe. Th ...