Barclays Reviews Q4 on Lululemon Athletica (LULU); International Expansion Helps Outlook Remains Strong

Barclays maintains an 'Overweight' on Lululemon Athletica Inc. (NASDAQ: LULU) price target raised from $74 to $85.

Analyst, Stacy Pak, said, "LULU reported another strong quarter with revenues up 51%, comp stores sales up 26%, and operating income up 61%. Ample inventory enabled the company to meet previously unmet demand and still deliver a gross margin of over 56%. Inventory is expected to be more closely aligned with sales by 4Q12, but increased flow, product introduction, and innovation should continue to drive a strong top line."

Pak also highlights better-than-expected men's, increasing from 12% to 14%. Also, 2012 should continue to be strong as international store openings (including London, Hong Kong and in Australia) push sales higher.

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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