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D.A. Davidson Details Expectations For Lululemon's Q2 Earnings

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DA Davidson provided its outlook on Lululemon Athletica inc. (NASDAQ: LULU) ahead of Q2 earnings.

The analysts estimate Q2 comps, revenue and EPS of 5.1 percent, $514.1 million, and $0.38, respectively. Consensus comps, revenue and EPS estimates are 5.2 percent, $515.2 million, and $0.38, respectively. According to the analysts, compelling product and improved execution should fuel healthy Q2 performance.

"We are impressed with LULU's current product offerings and updated store layouts, and continue to believe the athletic category is a bright spot in the apparel space," they wrote.

DA Davidson reiterated its Neutral rating and $80 price target. The analysts believe the company's current valuation adequately reflects its significant global growth potential balanced with execution risks.

Latest Ratings for LULU

DateFirmActionFromTo
May 2019MaintainsNeutral
May 2019UpgradesUnderperformNeutral
Apr 2019MaintainsOutperformOutperform

View More Analyst Ratings for LULU
View the Latest Analyst Ratings

Posted-In: DA DavidsonAnalyst Color Previews Reiteration Analyst Ratings Trading Ideas

 

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