Lululemon: LULU Stock One of the Best in Apparel, Says Argus

Argus Research maintains a Buy on Lululemon shares given strong growth prospects as well as potential for expansion in men's apparel and China.

Lululemon store
(Image credit: Getty Images)

Lululemon Athletica (LULU) stock opened the week with some positive news on its side as Argus Research analyst John Staszak said Monday that the "athleisure" firm's prospects are “among the best in the apparel sector.”

“Lululemon has a strong brand and growing direct-to-consumer sales, which we expect will lead to higher margins over the next several years,” Staszak says in a Monday research note on LULU stock. “In addition, we expect revenue growth from the expansion of the company’s men’s clothing line. With relatively few stores outside North America, the company also has substantial opportunities for international expansion, particularly in China.”

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.