Auriga Reiterates a 'Buy' on Lululemon Athletica Inc. (LULU); Investor Day Could Act As Catalyst

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

Auriga analyst said, "Stores and growth opportunities expected to be highlighted. LULU is hosting an analyst meeting in Vancouver on April 11. We expect management to focus investor's attention on two items. First, we expect time devoted to tours of its core lululemon store and ivivva store. Understanding merchandising and the vision of the brands is important in our opinion. Second, we believe management will focus on opportunities outside of store growth, including supply chain efficiencies and ecommerce opportunities. We believe the investor day could act as a catalyst and reiterate our rating."

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 $74.73 yesterday.

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