William Blair Maintains Market Perform On Lululemon Following Third Quarter Earnings


In a research report sent to investors today, William Blair analyst Sharon Zackfia maintained a Market Perform rating on Lululemon Athletica (NASDAQ:LULU), following the company’s third-quarter results, posting EPS of $0.42 that beat Blair’s estimate of $0.39 and consensus of $0.38. No price target was provided.

Zackfia noted, “Lululemon’s third quarter beat EPS expectations, although consolidated sales and gross margin modestly missed guidance and fourth-quarter expectations were lowered.”

The analyst continued, “While we continue to believe in the strength of the lululemon brand over the longer term, the company remains one in transition and we remain neutral on the name at 23 times our 2015 estimate.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sharon Zackfia has a total average return of 12.1% and a 59.4% success rate. Zackfia has a 118.8% average return when recommending LULU, and is ranked #581 out of 3403 analysts.

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