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LULU
Lululemon Athletica Inc.
Buy
Conviction: Medium
Price
$157.99
Target
$231.33
Upside
+46.4%
Thesis

The primary value driver is the decoupling of Lululemon's high-growth international segments from its mature North American base, supported by a product reset targeting 35% 'newness' penetration by Spring 2026.

Catalyst
  • Successful execution of the 3-pillar action plan to drive U.S. business inflection while maintaining international momentum. Management has outlined specific initiatives focused on product innovation, activation, and enterprise efficiency to address U.S. market challenges and reaccelerate growth.
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Built by Ricardo Lee, CFA — formerly at Osmium Partners and ICONIQ Partners

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Based on COST's capital allocation history, buyback discipline, and compensation structure, the CEO classifies as an Outsider...

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