Jefferies Maintains a 'Hold' on Lululemon Athletica (LULU); Tweaking Numbers after 3Q Results

Jefferies maintains a 'Hold' on Lululemon Athletica Inc. (NASDAQ: LULU) price target cut from $59 to $54.

Jefferies analyst says, "We are adjusting our numbers to reflect 3Q11 actuals and updated 4Q11 guidance provided by management. Our 4Q11 EPS estimate is unchaged at 43c although the composition of the estimate changes. FY12 estimate and PT come down modestly. We like LULU's long-term fundamental strategy but wait patiently on the sidelines for an even better entry point." (Jefferies lowers FY12 EPS estimate from $1.58 to $1.54)

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 $48.36 yesterday.

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