UBS Reiterates a 'Buy' on Lululemon Athletica (LULU); Best-in-Class Growth Story at Attractive Entry Point
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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!
UBS reiterates a 'Buy' on Lululemon Athletica Inc. (NASDAQ: LULU) price target of $86.00 (from $91.00).
Analyst, Roxanne Meyer, said, "The 53% sales gain in 1Q reflects the huge appetite for the brand; while some were disappointed w/ 1Q comps/2Q guide, 1. LULU ran out of some product winners and has less 2Q carryover, which has capped upside and 2. exceptionally strong DTC growth can’t be glossed over. A focus on innovation means that LULU isn’t chasing comps, likely capping upside in the next two quarters. While this could limit LULU’s multiple NT, it still means sizable comps and keeps LULU one step ahead of its competition."
UBS lowers Q2 EPS estimate from $0.35 to $0.32, but maintains FY12/13 at $1.67/2.16.
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, Roxanne Meyer, said, "The 53% sales gain in 1Q reflects the huge appetite for the brand; while some were disappointed w/ 1Q comps/2Q guide, 1. LULU ran out of some product winners and has less 2Q carryover, which has capped upside and 2. exceptionally strong DTC growth can’t be glossed over. A focus on innovation means that LULU isn’t chasing comps, likely capping upside in the next two quarters. While this could limit LULU’s multiple NT, it still means sizable comps and keeps LULU one step ahead of its competition."
UBS lowers Q2 EPS estimate from $0.35 to $0.32, but maintains FY12/13 at $1.67/2.16.
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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