Latest news with #RandalKonik
Yahoo
14 hours ago
- Business
- Yahoo
Topgolf Callaway (MODG) Shares Skyrocket, What You Need To Know
Shares of golf entertainment and gear company Topgolf Callaway (NYSE:MODG) jumped 15.2% in the afternoon session after Director Adebayo Ogunlesi announced he bought 383,700 shares valued at about $2.5 million. These transactions are often seen as a sign of leadership's belief in the company's strategic plan and potential for future growth. The shares closed the day at $7.40, up 14.8% from previous close. Is now the time to buy Topgolf Callaway? Access our full analysis report here, it's free. Topgolf Callaway's shares are extremely volatile and have had 32 moves greater than 5% over the last year. But moves this big are rare even for Topgolf Callaway and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 5 months ago when the stock gained 14.4% on the news that Jefferies analyst Randal Konik upgraded the stock's rating from Hold to Buy and raised the price target from $11 to $13. The new price target implied a potential 65% upside from where shares traded before the upgrade was announced. Topgolf Callaway is down 17.4% since the beginning of the year, and at $7.43 per share, it is trading 55% below its 52-week high of $16.50 from July 2024. Investors who bought $1,000 worth of Topgolf Callaway's shares 5 years ago would now be looking at an investment worth $444.64. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
a day ago
- Business
- Fashion Network
Lululemon shares tumble as yogawear firm warns tariffs will crimp profit
Lululemon Athletica's shares fell as much as 21% on Friday, as the maker of high-end leggings warned that tariff-related costs and uneven demand in key markets of North America and China will dent its profits this year. The Canadian firm, whose popular Align yoga pants sell for up to $128 apiece on its website, will take modest price hikes for a "small portion of the assortment" and ramp up discounts for the rest of the year, company executives said. The company's stock, which is down about 14% this year, was trading at about $264 on Friday, on track for its worst day since March 2020. This has set Lululemon up to lose roughly $8 billion in market value, if losses held. Lululemon has struggled to retain shoppers, despite its efforts to introduce fresh styles of sports bras and athletic jackets, as it faces intense competition from trendier and more affordable brands in North America and mainland China. "Despite (Americas) decline, management continues to prioritize product newness and China expansion over addressing a pullback from core customers and evident traffic declines," Jefferies analyst Randal Konik said in a note. "We believe this misalignment is concerning." Lululemon joins sportswear rivals Nike, opens new tab and On in raising prices in the U.S. as erratic trade tactics under President Donald Trump rattle global markets and fuel fears of a recession. Lululemon trimmed its 2025 earnings forecast and said it expects margins to come under pressure from the proposed tariffs, which will impact products from some of its largest sourcing hubs in Vietnam, Cambodia and Sri Lanka. The company's latest results suggest Lululemon might be facing deeper challenges given the slowdown in its domestic business over the past twelve months, UBS analyst Jay Sole said. At least 12 brokerages cut their price targets on the stock, with J.P. Morgan slashing it the most, to $303 from $389. Lululemon's forward price-to-earnings multiple, a common benchmark for valuing stocks, is 21.46, compared to that of 31.37 for Nike and 9.54 for Gap.
Fashion Network
a day ago
- Business
- Fashion Network
Lululemon shares tumble as yogawear firm warns tariffs will crimp profit
Lululemon Athletica's shares fell as much as 21% on Friday, as the maker of high-end leggings warned that tariff-related costs and uneven demand in key markets of North America and China will dent its profits this year. The Canadian firm, whose popular Align yoga pants sell for up to $128 apiece on its website, will take modest price hikes for a "small portion of the assortment" and ramp up discounts for the rest of the year, company executives said. The company's stock, which is down about 14% this year, was trading at about $264 on Friday, on track for its worst day since March 2020. This has set Lululemon up to lose roughly $8 billion in market value, if losses held. Lululemon has struggled to retain shoppers, despite its efforts to introduce fresh styles of sports bras and athletic jackets, as it faces intense competition from trendier and more affordable brands in North America and mainland China. "Despite (Americas) decline, management continues to prioritize product newness and China expansion over addressing a pullback from core customers and evident traffic declines," Jefferies analyst Randal Konik said in a note. "We believe this misalignment is concerning." Lululemon joins sportswear rivals Nike, opens new tab and On in raising prices in the U.S. as erratic trade tactics under President Donald Trump rattle global markets and fuel fears of a recession. Lululemon trimmed its 2025 earnings forecast and said it expects margins to come under pressure from the proposed tariffs, which will impact products from some of its largest sourcing hubs in Vietnam, Cambodia and Sri Lanka. The company's latest results suggest Lululemon might be facing deeper challenges given the slowdown in its domestic business over the past twelve months, UBS analyst Jay Sole said. At least 12 brokerages cut their price targets on the stock, with J.P. Morgan slashing it the most, to $303 from $389. Lululemon's forward price-to-earnings multiple, a common benchmark for valuing stocks, is 21.46, compared to that of 31.37 for Nike and 9.54 for Gap.
Time of India
3 days ago
- Business
- Time of India
Lululemon shares tumble 20% as yogawear firm warns tariffs will crimp profit
HighlightsLululemon Athletica's shares fell 21% in premarket trading due to warnings about tariff-related costs and uneven demand in key markets of North America and China, which are expected to impact profits this year. The company plans to raise prices modestly on a small portion of its products and increase discounts for the remainder of the year in response to competition and changing consumer behavior. Lululemon Athletica has lowered its 2025 earnings forecast and anticipates pressure on profit margins due to proposed tariffs affecting products sourced from major hubs like Vietnam, Cambodia, and Sri Lanka. Lululemon Athletica 's shares fell 21% in premarket trading on Friday, as the maker of high-end leggings warned that tariff-related costs and uneven demand in key markets of North America and China will dent its profits this year. The Canadian firm, whose Align yoga pants sell for $128 apiece on its website, will raise prices "modestly" for a "small portion of the assortment" and ramp up discounts for the rest of the year, company executives said. Lululemon has struggled to retain shoppers, despite its efforts to introduce new styles of sports bras and athletic jackets, as it faces intense competition from trendier and more affordable brands in North America and mainland China. "Despite (Americas) decline, management continues to prioritize product newness and China expansion over addressing a pullback from core customers and evident traffic declines," Jefferies analyst Randal Konik said in a note. "We believe this misalignment is concerning." Lululemon joins sportswear rivals Nike and On in raising prices in the U.S. as erratic trade tactics under President Donald Trump rattle global markets and fuel fears of a recession. Lululemon trimmed its 2025 earnings forecast and said it expects margins to come under pressure from the proposed tariffs, which will impact products from some of its largest sourcing hubs in Vietnam, Cambodia and Sri Lanka. "My sense is that in the U.S., consumers remain cautious right now, and they are being very intentional about their buying decisions," CEO Calvin McDonald said on a post-earnings call. The company's stock, which is down about 14% this year, was trading at $261.90 before the bell on Friday. The news dragged Nike's shares down 1.4%. Lululemon's forward price-to-earnings multiple, a common benchmark for valuing stocks, is 21.46, compared to that of 31.37 for Nike and 9.54 for Gap.
Economic Times
4 days ago
- Business
- Economic Times
Lululemon shares tumble 20% as yogawear firm warns tariffs will crimp profit
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Lululemon Athletica's shares fell 21% in premarket trading on Friday, as the maker of high-end leggings warned that tariff-related costs and uneven demand in key markets of North America and China will dent its profits this Canadian firm, whose Align yoga pants sell for $128 apiece on its website, will raise prices "modestly" for a "small portion of the assortment" and ramp up discounts for the rest of the year, company executives has struggled to retain shoppers, despite its efforts to introduce new styles of sports bras and athletic jackets, as it faces intense competition from trendier and more affordable brands in North America and mainland China."Despite (Americas) decline, management continues to prioritize product newness and China expansion over addressing a pullback from core customers and evident traffic declines," Jefferies analyst Randal Konik said in a note."We believe this misalignment is concerning."Lululemon joins sportswear rivals Nike and On in raising prices in the U.S. as erratic trade tactics under President Donald Trump rattle global markets and fuel fears of a trimmed its 2025 earnings forecast and said it expects margins to come under pressure from the proposed tariffs, which will impact products from some of its largest sourcing hubs in Vietnam, Cambodia and Sri Lanka."My sense is that in the U.S., consumers remain cautious right now, and they are being very intentional about their buying decisions," CEO Calvin McDonald said on a post-earnings company's stock, which is down about 14% this year, was trading at $261.90 before the bell on Friday. The news dragged Nike's shares down 1.4%.Lululemon's forward price-to-earnings multiple, a common benchmark for valuing stocks, is 21.46, compared to that of 31.37 for Nike and 9.54 for Gap.
