UBS Raises PT and Estimates on Lululemon Athletica Inc. (LULU); Growth Story with Sizable Runway
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Price: $119.55 -0.01%
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS reiterates a 'Buy' on Lululemon Athletica Inc. (NASDAQ: LULU) price target of $88.00 (from $80.00).
Analyst, Roxanne Meyer, said, "Coming off of 2Q, we feel good about the strength of LULU's fundamentals, with August trends solid, and about management's inventory strategy and execution. 2Q comp metrics, driven by traffic, are driving LULU's market leading position, and there is no overt evidence of comp pressure from Athleta. Earnings are now heading significantly higher over the next few years due to a lower tax rate, though we see numerous comp and margin levers to drive upside."
FY13 EPS estimate raised from $1.62 to $1.80 and FY14 from $2.09 to $2.39.
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 $77.14 yesterday.
Analyst, Roxanne Meyer, said, "Coming off of 2Q, we feel good about the strength of LULU's fundamentals, with August trends solid, and about management's inventory strategy and execution. 2Q comp metrics, driven by traffic, are driving LULU's market leading position, and there is no overt evidence of comp pressure from Athleta. Earnings are now heading significantly higher over the next few years due to a lower tax rate, though we see numerous comp and margin levers to drive upside."
FY13 EPS estimate raised from $1.62 to $1.80 and FY14 from $2.09 to $2.39.
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 $77.14 yesterday.
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