Sterne Agee Sees Ongoing Strength in Lululemon Athletica (LULU)
Shares of lululemon athletica (Nasdaq: LULU) moved higher on Thursday after the athletic apparel company reported Q3 earnings that came in ahead of estimates, though Q4 guidance gave a few investors pause.
Commenting on the results, analyst Sam Poser of Stene Agee said "We contend that LULU simply owns the retail active apparel category with built in advantages over competitors, including Athleta, such as speed to market, best in class sales staff with a community focus, and consistent focus on innovative product introductions that keep guests coming back."
Poser noted that LULU is progressing nicely on its international expansion, with its first store in Hong Kon to open as early as 2013.
Overall, he said "We would be buyers of LULU as core long-term position. The company is the best in class retailer and a category definer with long-term growth opportunities beyond."
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 $68.59 yesterday, with a 52 week range of $42.75-$81.09.
Commenting on the results, analyst Sam Poser of Stene Agee said "We contend that LULU simply owns the retail active apparel category with built in advantages over competitors, including Athleta, such as speed to market, best in class sales staff with a community focus, and consistent focus on innovative product introductions that keep guests coming back."
Poser noted that LULU is progressing nicely on its international expansion, with its first store in Hong Kon to open as early as 2013.
Overall, he said "We would be buyers of LULU as core long-term position. The company is the best in class retailer and a category definer with long-term growth opportunities beyond."
Sterne Agee has a Buy rating on Lululemon Athletica Inc. (NASDAQ: LULU) with a price target of $85.00.
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 $68.59 yesterday, with a 52 week range of $42.75-$81.09.