UPDATE - UBS Initiates Coverage on Lululemon Athletica (LULU) with a Buy; Still in Early Innings Across The Board
Tweet Send to a FriendGet Alerts LULU Hot Sheet
Price: $81.05 +1.50%
Rating Summary:
12 Buy, 10 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
12 Buy, 10 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade LULU Now!
UPDATE - UBS initiates coverage on Lululemon Athletica (Nasdaq: LULU) with a Buy rating. PT $91.
Analyst, Roxanne Meyer, said, "Our Buy thesis on LULU is based on: 1) deep competitive advantages (inc. product innovation, scarcity model, grassroots marketing, management), 2) industry-leading growth which is still in early innings across channels and geographies, 3) strong comp momentum to minimize near-term margin headwinds, and 4) though meaningful margin upside is limited, underappreciated margin drivers in FY13/14."
Meyer's FY13 EPS estimate is $1.67 and FY14 is $2.16.
On her $91 price target, Meyer said, "Our $91 PT is 42x our '13 est of $2.16 (between its 3-yr historical mean of 33x and peak 47x), based on our “150-175 store tipping point” analysis and high-growth peer valuation (trades below Chipotle (NYSE: CMG), Michael Kors (NYSE: KORS) and Whole Foods (Nasdaq: WFMI) despite higher growth)."
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
Analyst, Roxanne Meyer, said, "Our Buy thesis on LULU is based on: 1) deep competitive advantages (inc. product innovation, scarcity model, grassroots marketing, management), 2) industry-leading growth which is still in early innings across channels and geographies, 3) strong comp momentum to minimize near-term margin headwinds, and 4) though meaningful margin upside is limited, underappreciated margin drivers in FY13/14."
Meyer's FY13 EPS estimate is $1.67 and FY14 is $2.16.
On her $91 price target, Meyer said, "Our $91 PT is 42x our '13 est of $2.16 (between its 3-yr historical mean of 33x and peak 47x), based on our “150-175 store tipping point” analysis and high-growth peer valuation (trades below Chipotle (NYSE: CMG), Michael Kors (NYSE: KORS) and Whole Foods (Nasdaq: WFMI) despite higher growth)."
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
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- UPDATE: Leerink Swann Upgrades Bristol-Myers Squibb Co. (BMY) to Outperform
- UPDATE: Macquarie Downgrades Barrick Gold (ABX) to Underperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change, New CoverageRelated Entities
UBS
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!
