Is Lululemon On Track To Hit Margin Guidance? - Lululemon Athletica (NASDAQ:LULU)

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BMO Capital provided its analysis on Lululemon Athletica inc.

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(NASDAQ: LULU) on Thursday. The analysts stated the company is the only brand in their data that posted declining quarter-to-date markdowns.

They believe the company, with 5 percent markdowns, is beginning to anniversary the negative effects for the West Coast Port congestion from the first quarter of 2015.

According to the BBD (BMO Big Data), the management's target for the second quarter GM improvement is on track. "We believe LULU's relative stock outperformance has a lot to do with its ability to keep markdown levels lower in a highly promotional retail environment," said the analysts.

BMO Capital currently has a Market Perform rating on Lululemon, which was trading up 0.86 percent on the day at $75.05 at time of writing.