Lululemon Athletica inc.
Burns maintained a Neutral rating on lululemon, with a price target of $63.
Burns projected quarterly comps of 6.1 percent, with revenue at $543.0 million and EPS of $0.44. These estimates are higher than consensus comps, revenue and EPS expectations of 5.1 percent, $540.9 million and $0.43, respectively.
The gross and operating margin estimates are at 49.4 percent and 15.8 percent, respectively. “Gross margin inflection and improved execution should help LULU navigate shifting retail and apparel cross-currents,” the analyst wrote.
Lululemon faced a challenging retail environment during the quarter, with competition from “an increasingly crowded athleisure category” as well as October being unseasonably warm. Year-over-year gross margin expansion, contribution from
“While we view LULU's current product offering as compelling, post-
|Nov 2016||Credit Suisse||Downgrades||Outperform||Neutral|
|Sep 2016||Goldman Sachs||Maintains||Sell|
|Sep 2016||Susquehanna||Initiates Coverage on||Positive|
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