7 Stocks to Buy to Introduce Kids to Investing

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Little by little, Lululemon is building a business that will provide fortress-like growth from brick-and-mortar and digital across regions and categories. It is the next Nike. Despite store shutdowns in 2020, LULU managed to deliver excellent results during the pandemic, a testament to its commitment to be the best apparel brand in the world. Of the 34 analysts covering Lululemon, 18 have it as a “buy,” another two “overweight,” 13 rate it a “hold,” and only one has it as a “sell.” As for its target price, the average is $404.14, providing 19% potential upside at current prices.  As CEO Calvin McDonald said recently, the company is in great shape. It’s expected to add 30-35 physical locations to its global footprint of 515 stores in its latest fiscal year.  “As stores reopened and we continued to operate through some of the operating constraints that we were faced with, overall, the business showed great momentum and that continued into Q4,” McDonald said in early February. During the fourth quarter, LULU began selling Mirror, the $1,500 home gym it acquired for $500 million in July 2020, in 18 stores.  “When we initially purchased Mirror, we guided to $150 million in revenue on the year, up from $100 million, which we had previously communicated. Since then, we’ve provided commentary that we are going to come in, in excess to that number,” McDonald said.  As the brand continues to gain momentum, it will be easier to attract top talent to the company, which will strengthen its business and ultimate sales.  With the stock in a bit of a lull heading into 2021, now would be an excellent time for junior to pick up some of its shares.