Lululemon Not Stretched Too Thin, Analyst Notes

Lululemon Athletica (

) is still in its early growth stage, according to a UBS analyst who initiated coverage on the yoga and athletic clothier. Analyst Roxanne Meyer thinks retailer can still add substantial number of stores to its base of almost 180 U.S. and Canadian stores. She also thinks the retailer can double its higher-margin online sales, and has wide-open prospects for international growth. "We believe it is still underappreciated how