Goldman Sachs Ratchets Price Target On Lululemon (LULU) Higher
Tweet Send to a FriendGet Alerts LULU Hot Sheet
Price: $64.96 -1.8%
Rating Summary:
10 Buy, 12 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
10 Buy, 12 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade LULU Now!
Goldman Sachs boosted their 6-month price target on Lululemon Athletica Inc. (NASDAQ: LULU) from $76 to $85, while reiterating their Buy rating, following better-than-expected Q4 results.
The quarter was strong as expected, the firm notes, with further upside to the January pre-announcement and continued momentum into Spring with comps sales expected to be up in the low-20% range.
"The news reinforced our confidence in revenue-driven upside continuing in 2012," the analyst said. "Bigger picture, we continue to see LULU as one of the most compelling growth stories across retail," they continued. Goldman cited brand momentum, sizeable runway to expand, competitive moat, and a strong management team.
For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.
Shares of Lululemon Athletica Inc. closed at $75.95 yesterday, with a 52 week range of $41.70-$123.84.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The quarter was strong as expected, the firm notes, with further upside to the January pre-announcement and continued momentum into Spring with comps sales expected to be up in the low-20% range.
"The news reinforced our confidence in revenue-driven upside continuing in 2012," the analyst said. "Bigger picture, we continue to see LULU as one of the most compelling growth stories across retail," they continued. Goldman cited brand momentum, sizeable runway to expand, competitive moat, and a strong management team.
For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.
Shares of Lululemon Athletica Inc. closed at $75.95 yesterday, with a 52 week range of $41.70-$123.84.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Citi Raises PT on Micron Technology (MU) to $19
- Terex (TEX) Suffers from Weakness in Europe; Read-Through For Manitowoc (MTW)
- Wells Fargo Upgrades ProLogis (PLD) to Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
Goldman Sachs, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
