Nomura Securities Maintains a 'Neutral' on Lululemon Athletica (LULU); Incremental Thoughts on Q2 Report
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Price: $81.46 +1.04%
Rating Summary:
12 Buy, 10 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
12 Buy, 10 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade LULU Now!
Nomura Securities maintains a 'Neutral' on Lululemon Athletica Inc. (NASDAQ: LULU) price target of $55.00.
Analyst, Paul Lejuez, said, "2Q guidance fell short of consensus, though we believe it is conservative (to some degree), there still seems to be a deceleration in comps. Part of the 2Q comp deceleration relates to LULU exceeding sales plans in 1Q and now having too few units to drive a higher comp in 2Q. Interestingly, mgmt has elected not to chase proven winners as they often do but rather focus on raising the quality and innovation on the next product set. We believe 4Q could benefit from new product. Our F12E/F13E EPS of $1.70/$2.13 remain unchanged. A 30x multiple on our F13E EPS keeps us on the sidelines."
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 $63.84 yesterday, with a 52 week range of $41.70-$123.84.
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Analyst, Paul Lejuez, said, "2Q guidance fell short of consensus, though we believe it is conservative (to some degree), there still seems to be a deceleration in comps. Part of the 2Q comp deceleration relates to LULU exceeding sales plans in 1Q and now having too few units to drive a higher comp in 2Q. Interestingly, mgmt has elected not to chase proven winners as they often do but rather focus on raising the quality and innovation on the next product set. We believe 4Q could benefit from new product. Our F12E/F13E EPS of $1.70/$2.13 remain unchanged. A 30x multiple on our F13E EPS keeps us on the sidelines."
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 $63.84 yesterday, with a 52 week range of $41.70-$123.84.
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