Janney Montgomery Scott maintains a 'Buy' on Lululemon Athletica (LULU); Upside Pre-Announcement; Better In-Stock Inventory Drives Full Price Selling
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Price: $119.55 -0.01%
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Janney Montgomery Scott maintains a 'Buy' on Lululemon Athletica Inc. (NASDAQ: LULU) price target raised from $57 to $70.
JMS analyst says, "We are raising our FY11 EPS estimate to $1.25 from $1.18 (the Street is at $1.18); and FY12 EPS estimate to $1.52 from $1.43 (the Street is at $1.48). We are also introducing our FY13 EPS estimate of $1.88 (the Street is at $1.90)."
"LULU remains one of the key brands that is building awareness, driving share, and selling product at full price in a sea of price competition. We reiterate LULU as a core holding in a growth portfolio and expect ongoing comp and EPS strength in 2012. As the company's inventory position builds, we do expect more normalized markdown rates resulting in gross margin in the mid-50% range."
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 $53.44 yesterday.
JMS analyst says, "We are raising our FY11 EPS estimate to $1.25 from $1.18 (the Street is at $1.18); and FY12 EPS estimate to $1.52 from $1.43 (the Street is at $1.48). We are also introducing our FY13 EPS estimate of $1.88 (the Street is at $1.90)."
"LULU remains one of the key brands that is building awareness, driving share, and selling product at full price in a sea of price competition. We reiterate LULU as a core holding in a growth portfolio and expect ongoing comp and EPS strength in 2012. As the company's inventory position builds, we do expect more normalized markdown rates resulting in gross margin in the mid-50% range."
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 $53.44 yesterday.
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