Auriga reiterates a 'Buy' on Lululemon Athletica (LULU); Another Strong Qtr; Adding Swimwear

Auriga reiterates a 'Buy' on Lululemon Athletica Inc. (NASDAQ: LULU) price target of $86.00.

Auriga analyst said, "LULU reported EPS of $0.51 for Q4, ahead of $0.49 consensus. Strong sell through was evident as comps increased 26% and markdowns were limited. A focus on new technical apparel, including swimwear is expected in 2012. Our estimates for 2012 and 2013 are relatively unchanged and expect the likelihood for margin upside to increase throughout the year as input cost pressures lessen. LULU remains one of our favorite growth stories."

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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