Janney Raises Numbers on Lululemon Athletica (LULU)
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Price: $121.07 +4.65%
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Janney Capital Markets raised estiamtes and its price target on Lululemon Athletica Inc. (NASDAQ: LULU) from $70 to $89 following Q4 results.
The firm notes the company continues to drive strong comps through full price selling. The high inventory levels at the end of 4Q11 will support demand and comps. They expect ongoing positive comps and EPS strength in 2012.
While the stock is trading at an expensive valuation, they believe LULU is a core growth holding.
Janney raised FY12 and FY13 EPS estimates to $1.57 from $1.52 (versus consensus of $1.61) and to $1.97 from $1.88 (versus consensus of $2.04), respectively.
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 $75.95 yesterday.
The firm notes the company continues to drive strong comps through full price selling. The high inventory levels at the end of 4Q11 will support demand and comps. They expect ongoing positive comps and EPS strength in 2012.
While the stock is trading at an expensive valuation, they believe LULU is a core growth holding.
Janney raised FY12 and FY13 EPS estimates to $1.57 from $1.52 (versus consensus of $1.61) and to $1.97 from $1.88 (versus consensus of $2.04), respectively.
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 $75.95 yesterday.
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