Is This Unstoppable Growth Stock a Screaming Buy Right Now?
When thinking of potential investments in the apparel or footwear industries, Nike and Lululemon Athletica likely to come mind. Nike has certainly long dominated the industry, while Lululemon is a fast-growing premium competitor. And they both have their own investment merits.
Without question, however, Crocs (NASDAQ: CROX), a much smaller rival, is a shoe stock that needs to be on your radar if it isn't already. The unstoppable business just reported another strong quarter. And this momentum makes its shares look like a screaming buy right now. Let's take a closer look.
During the three-month period that ended June 30, Crocs generated revenue of $1.1 billion, a quarterly record for the company. And adjusted diluted earnings per share (EPS) came in at $3.59. Both of these figures were up 11% year over year, and they exceeded Wall Street estimates.
Source Fool.com
Lululemon Athletica Inc. Stock
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 92 Buy predictions and 6 Sell predictions.
With a target price of 453 € there is potential for a 107.28% increase which would mean more than doubling the current price of 218.55 € for Lululemon Athletica Inc..
