4 Factors That Are Likely To Sustain Lululemon's Momentum

After failing to grab investors' attention for quite some time, Lululemon Athletica Inc. LULU seems to have gained traction. The stock, which slipped to a 52-week low in May, posted upbeat performances in the past two quarters on strategies like ivivva's remodeling and focus on e-commerce among others. Notably, this yoga-apparel company has surged 22.4% in the past six months, surpassing the industry's 9.9% growth.

lululemon athletica inc. Price and Consensus
 

lululemon athletica inc. Price and Consensus | lululemon athletica inc. Quote

The solid second quarter and favorable third-quarter trends make management confident of generating revenues of $4 billion by 2020. These factors also encouraged Lululemon to raise fiscal 2017 outlook. Analysts were also not far behind in raising the estimates. Over the past 60 days, the Zacks Consensus Estimate for fiscal 2017 and 2018 increased to $2.43 and $2.72 from $2.34 to $2.67, respectively. Given these splendid strategies and an impressive outlook, we believe that there is no looking back for Lululemon.

Looking for Similar Bets? Check These 3 Stocks From Lululemon's Space

Crocs, Inc. CROX, with a long-term earnings per share growth rate of 15%, sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

G-III Apparel Group, Ltd. GIII flaunts the same Zacks Rank and long-term growth rate as Crocs.

Guess', Inc. GES with long-term growth rate of 17.5%, also flaunts a Zacks Rank #1.

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lululemon athletica inc. LULU: Free Stock Analysis Report
 
Guess?, Inc. GES: Free Stock Analysis Report
 
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G-III Apparel Group, LTD. GIII: Free Stock Analysis Report
 
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