financetom
Personal Finance
financetom
/
Personal Finance
/
Research Alert: CFRA Raises Opinion On Shares Of Lululemon Athletica To Strong Buy From Buy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Research Alert: CFRA Raises Opinion On Shares Of Lululemon Athletica To Strong Buy From Buy
Mar 22, 2024 5:54 AM

08:15 AM EDT, 03/22/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month price target of $550, based on 37.9x our FY 25 (Jan.) EPS estimate and below the company's 5-year average forward P/E multiple of 42.7x. We maintain our FY 25 EPS estimate of $14.50 and initiate our FY 26 EPS estimate at $17.00. LULU posts normalized Q4 EPS of $5.29 vs. $4.40, $0.27 above consensus estimates on revenues of $3.21B vs. $2.77B and $8M above estimates. By region in Q4, Americas revenue increased 9% Y/Y and International revenue increased 54%. Q4 adjusted gross margin expanded 200 bps to 59.4%. LULU opened 25 new company-operated stores in the quarter, bringing the total to 711. LULU guided for revenue growth of 11% to 12% and EPS of $14.00 to $14.20 for FY 25, which we believe is conservative. Inventory declined by 9% to $1.3B compared to $1.4B in Q4 2023. Shares of LULU were down 10% in after-hours, which we believe is a great buying opportunity and leave shares trading under 30x our FY 25 EPS estimate and at the low end of its 5-year range.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Autozone Inc.
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Autozone Inc.
Sep 23, 2025
12:05 PM EDT, 09/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target by $300 to $4,500, based on a FY 27 P/E of 24.5x, a justified premium to its five-year average forward P/E of 19.3x. We lower...
Research Alert: CFRA Maintains Hold Opinion On Shares Of Lattice Semiconductor
Research Alert: CFRA Maintains Hold Opinion On Shares Of Lattice Semiconductor
Sep 23, 2025
10:05 AM EDT, 09/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month target price to $85 from $55 on a higher revised P/E of 49x our 2027 EPS, above peers and historical (five-year at 47x) to reflect growth...
Research Alert: CFRA Maintains Hold Opinion On Adss Of Baidu
Research Alert: CFRA Maintains Hold Opinion On Adss Of Baidu
Sep 23, 2025
09:05 AM EDT, 09/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We up our 12-month target to USD150 from USD125, on a higher revised P/E of 14.4x our 2027 EPADS view (current forex rates), which is in line with BIDU's five-year...
Research Alert: CFRA Maintains Hold Opinion On Shares Of Rambus Inc.
Research Alert: CFRA Maintains Hold Opinion On Shares Of Rambus Inc.
Sep 23, 2025
01:15 PM EDT, 09/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month target price to $116 from $75, on raised P/E of 35x our 2027 EPS estimate, which we initiate at $3.33. The multiple is well above peers...
Copyright 2023-2026 - www.financetom.com All Rights Reserved