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Lululemon (LULU) Meeting Shows Confidence is Still High - Cowen

June 28, 2022 6:34 AM

Cowen analyst John Kernan reiterated an Outperform rating and $505.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following meetings with lululemon management in New York City.

The analyst commented, "Management's confidence is high and we think they feel confident in Q2 and Fiscal Year guidance. Inventory +74% y/y is a key focus among investors along with innovation in new categories along with International growth given the plan to 4x the business. Stock now trading at 25x FY23E EPS with high-teens EPS CAGR potential."

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 $287.48 yesterday.


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