Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

Brian Sozzi: Lululemon Getting Back Its 'Project Mojo' Under New Management

Share:

Belus Capital Advisors CEO Brian Sozzi spoke to Benzinga about rumors that Lululemon Athletica inc. (NASDAQ: LULU) would be acquired by VF Corp (NYSE: VFC).

Sozzi said that "Lululemon is getting back its project mojo under its new management -- and the financials and stock price are reacting to that. It's in management's best interests to let its efforts play out, and the market to reward those efforts."

In discussing VF Corp, Sozzi felt that it was a "best in class company" and that it would most likely make an acquisition "within the next two years" but that it could be an international brand in order to take advantage of the strengthening U.S. dollar.

Related Link: Retail Expert Weighs In On Lululemon/VF Corp Rumor

Sozzi also noted that VF "is very disciplined and will not overpay -- it doesn't have to, it's finding new areas of growth within its top of mind brands that dominate global retail sales floors."

At this time, Sozzi did not have any particular brands in mind for an international acquisition.

VF Corp recently traded at $76.02, down 0.61 percent.


Lululemon Athletica recently traded at $64.92, down 0.92 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

Latest Ratings for LULU

DateFirmActionFromTo
May 2019MaintainsNeutral
May 2019UpgradesUnderperformNeutral
Apr 2019MaintainsOutperformOutperform

View More Analyst Ratings for LULU
View the Latest Analyst Ratings

Posted-In: Belus Capital Advisors Brian SozziAnalyst Color Rumors Exclusives Analyst Ratings

 

Related Articles (LULU + VFC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
HELEMaintains160.0
JWNMaintains32.0
DYMaintains64.0
PSTGMaintains18.0
TJXMaintains56.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Fast Money Halftime Report Final Trade From March 5

Study Predicts Mass Adoption Of Self-Driving Cars By 2040