DA Davidson Starts Lululemon Athletica Inc. (LULU) at Neutral; Inspiring Long-term Growth Potential Reflected in Premium Valuation
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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!
DA Davidson initiates coverage on Lululemon Athletica Inc. (NASDAQ: LULU) with a Neutral. PT $100 (5-yr target $125)
DA analyst says, "Founded in 1998, lululemon athletica is a vertically integrated multi-channel designer and marketer of yoga-inspired apparel. Recent growth trends suggest the brand’s reach spans multiple categories (yoga, running, men’s) and geographies. We see potential for LULU revenues to reach $2.7-$4.3 billion over a 10-year growth cycle."
"After impressive 2010 results, with comps up 37%, business momentum suggests guidance is conservative and we expect numbers will move up over the course of the year. However, we believe this is already reflected in the current share price and leaves little room for any missteps or growing pains during this period of rapid growth."
"We are introducing 2011 comp, revenue and EPS estimates of 11.4%, $913.0 million and $2.09. Our initial 2012 estimates are 7%, $1,129.8 million and $2.63."
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 $91.75 yesterday, with a 52 week range of $31.08-$102.83.
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DA analyst says, "Founded in 1998, lululemon athletica is a vertically integrated multi-channel designer and marketer of yoga-inspired apparel. Recent growth trends suggest the brand’s reach spans multiple categories (yoga, running, men’s) and geographies. We see potential for LULU revenues to reach $2.7-$4.3 billion over a 10-year growth cycle."
"After impressive 2010 results, with comps up 37%, business momentum suggests guidance is conservative and we expect numbers will move up over the course of the year. However, we believe this is already reflected in the current share price and leaves little room for any missteps or growing pains during this period of rapid growth."
"We are introducing 2011 comp, revenue and EPS estimates of 11.4%, $913.0 million and $2.09. Our initial 2012 estimates are 7%, $1,129.8 million and $2.63."
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 $91.75 yesterday, with a 52 week range of $31.08-$102.83.
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