DA Davidson provided its outlook on Lululemon Athletica inc. 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.
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Posted In: Analyst ColorNewsReiterationAnalyst RatingsApparel, Accessories & Luxury GoodsConsumer Discretionary
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