UPDATE - UBS Initiates Coverage on Lululemon Athletica (LULU) with a Buy; Still in Early Innings Across The Board
Tweet
Share
E-mailGet Alerts LULU Hot Sheet
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
Join SI Premium – FREE
UPDATE - UBS initiates coverage on Lululemon Athletica (Nasdaq: LULU) with a Buy rating. PT $91.
Analyst, Roxanne Meyer, said, "Our Buy thesis on LULU is based on: 1) deep competitive advantages (inc. product innovation, scarcity model, grassroots marketing, management), 2) industry-leading growth which is still in early innings across channels and geographies, 3) strong comp momentum to minimize near-term margin headwinds, and 4) though meaningful margin upside is limited, underappreciated margin drivers in FY13/14."
Meyer's FY13 EPS estimate is $1.67 and FY14 is $2.16.
On her $91 price target, Meyer said, "Our $91 PT is 42x our '13 est of $2.16 (between its 3-yr historical mean of 33x and peak 47x), based on our “150-175 store tipping point” analysis and high-growth peer valuation (trades below Chipotle (NYSE: CMG), Michael Kors (NYSE: KORS) and Whole Foods (Nasdaq: WFMI) despite higher growth)."
Analyst, Roxanne Meyer, said, "Our Buy thesis on LULU is based on: 1) deep competitive advantages (inc. product innovation, scarcity model, grassroots marketing, management), 2) industry-leading growth which is still in early innings across channels and geographies, 3) strong comp momentum to minimize near-term margin headwinds, and 4) though meaningful margin upside is limited, underappreciated margin drivers in FY13/14."
Meyer's FY13 EPS estimate is $1.67 and FY14 is $2.16.
On her $91 price target, Meyer said, "Our $91 PT is 42x our '13 est of $2.16 (between its 3-yr historical mean of 33x and peak 47x), based on our “150-175 store tipping point” analysis and high-growth peer valuation (trades below Chipotle (NYSE: CMG), Michael Kors (NYSE: KORS) and Whole Foods (Nasdaq: WFMI) despite higher growth)."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change, New CoverageRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
