Jefferies Maintains a 'Hold' on Lululemon Athletica (LULU); 2Q Recap
Get Alerts LULU Hot Sheet
Price: $344.86 +1.73%
Rating Summary:
32 Buy, 11 Hold, 3 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Rating Summary:
32 Buy, 11 Hold, 3 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Join SI Premium – FREE
Jefferies maintains a 'Hold' on Lululemon Athletica (NASDAQ: LULU) price target raised $3 to $59.
Jefferies analyst says, "Using one word to describe this morning's call, we would call it "fine". Inventories continue to restrain sales, more than we originally anticipated, but are close to achieving a better balance to demand. On that point, all indications point to continued global strength in market demand for LULU branded goods despite increased competition and macro headwinds. Think today's -7% move is a fair valuation correction." (Jefferies analyst raises FY11 EPS estimate from $1.11 to $1.18 and FY12 from $1.48 to $1.58)
For more ratings news on Lululemon Athletica Inc. click here and for the rating history of Lululemon Athletica Inc. click here.
Shares of Lululemon Athletica Inc. closed at $55.06 yesterday.
Jefferies analyst says, "Using one word to describe this morning's call, we would call it "fine". Inventories continue to restrain sales, more than we originally anticipated, but are close to achieving a better balance to demand. On that point, all indications point to continued global strength in market demand for LULU branded goods despite increased competition and macro headwinds. Think today's -7% move is a fair valuation correction." (Jefferies analyst raises FY11 EPS estimate from $1.11 to $1.18 and FY12 from $1.48 to $1.58)
For more ratings news on Lululemon Athletica Inc. click here and for the rating history of Lululemon Athletica Inc. click here.
Shares of Lululemon Athletica Inc. closed at $55.06 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley Upgrades Macquarie Group Ltd. (MQG:AU) (MQBKY) to Overweight
- Citi Downgrades Arch Coal (ARCH) to Neutral
- Sage Therapeutics (SAGE) PT Lowered to $16 at TD Cowen
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & CoSign 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!