LULU - Lululemon Athletica Recovering From Merchandising Missteps Says Analyst | Benzinga
Oppenheimer analyst Brian Nagel reiterated an Outperform rating on the shares of Lululemon Athletica Inc (NASDAQ:LULU) with a price target of $445.00.
The analyst’s EPS forecast of $2.35 remains unchanged and suggests a gain of 3% from $2.28 the prior year, compared with a Street figure of $2.40.
For FY24, the analyst continues to expect EPS of $14.01 versus a current consensus forecast of $14.13 and guidance for $14.00-14.20.
Since the day LULU reported fourth-quarter results, shares are down more than 35% and underperforming meaningfully a decline of just 1% in the S&P 500, noted the analyst.
At current ...