Auriga Maintains a 'Buy' on Lululemon Athletica Inc. (LULU); Q4 Preview
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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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Auriga maintains a 'Buy' on Lululemon Athletica Inc. (NASDAQ: LULU) price target raised to $86.
Auriga analyst said, "We expect LULU to report Q4 EPS of $0.49, the high end of the company's upward preannounced range. We believe all eyes are on 2012 and expect that management will announce 35 new store openings and a 9-11% comp increase. We also expect a focus on international markets as LULU rolls out localized ecommerce sites and its first showrooms in London and Hong Kong. Inventory is forecast to increase at a faster rate than sales as LULU was under-inventoried in the prior year. We are rolling out our 2013 EPS estimate of $2.00, representing a conservative 27% EPS growth rate versus 2012. We are rolling forward our 43x multiple from 2012 EPS to 2013 EPS to derive our $86 PT."
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 $72.89 yesterday.
Auriga analyst said, "We expect LULU to report Q4 EPS of $0.49, the high end of the company's upward preannounced range. We believe all eyes are on 2012 and expect that management will announce 35 new store openings and a 9-11% comp increase. We also expect a focus on international markets as LULU rolls out localized ecommerce sites and its first showrooms in London and Hong Kong. Inventory is forecast to increase at a faster rate than sales as LULU was under-inventoried in the prior year. We are rolling out our 2013 EPS estimate of $2.00, representing a conservative 27% EPS growth rate versus 2012. We are rolling forward our 43x multiple from 2012 EPS to 2013 EPS to derive our $86 PT."
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 $72.89 yesterday.
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