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


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

May 2019MaintainsNeutral
May 2019UpgradesUnderperformNeutral
Apr 2019MaintainsOutperformOutperform

View More Analyst Ratings for LULU
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Posted-In: Belus Capital Advisors Brian SozziAnalyst Color Rumors Exclusives Analyst Ratings


Related Articles (LULU + VFC)

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