William Blair analyst Sharon Zackfia has maintained their bullish stance on LULU stock, giving a Buy rating today.
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Sharon Zackfia’s rating is based on the expectation that Lululemon Athletica will achieve the upper range of its revenue and earnings per share guidance. The company is projected to experience an 8% revenue growth, driven by a high-single-digit increase in physical store sales and a mid-single-digit rise in e-commerce.
Furthermore, there is an anticipated improvement in global comparable sales, with a notable acceleration in China Mainland due to the timing of the Chinese New Year. This positive trend is complemented by similar patterns in the Americas and a high-single-digit gain in the rest of the world. Additionally, domestic sales are expected to have accelerated in July, aided by effective clearance activities, which contributed to a slight increase in markdowns. These factors collectively support the Buy rating for Lululemon’s stock.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $226.00 price target.