Lululemon upgraded on continued same-store sales momentum [MarketWatch]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: MarketWatch
Lululemon upgraded on continued same-store sales momentum Lululemon Athletica Inc. LULU, +0.21% was upgraded to buy from hold at Canaccord Genuity on optimism about the athleisure retailer's same-store sales momentum. Canaccord raised its price target to $160 from $152. Analysts led by Camilo Lyon say channel checks indicate that same-store sales are trending above third-quarter guidance, with customer excitement about the fall/winter merchandise. The FactSet consensus is for 13.5% growth. "[W]e view the work Lululemon is doing in product development, marketing, and digital/in-store experience as transformational and should enable the company to sustain solid traffic and comp gains well into the next year and beyond," the note said. International prospects and new management are also reasons to be upbeat, analysts say. Lululemon shares are up 1% in Wednesday trading, and up more than 124% for the past year. The S&P 500 index SPX, -1.20% has gained 6.2% for the last 12 months. H
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LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/3/24 - Form 4
- LULU's page on the SEC website