Telsey Advisory analyst Dana Telsey maintains $Lululemon Athletica (LULU.US)$ with a buy rating, and maintains the target price at $360.
According to TipRanks data, the analyst has a success rate of 40.3% and a total average return of -0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lululemon Athletica (LULU.US)$'s main analysts recently are as follows:
The firm anticipates a slight Q3 EPS beat and expects that the fiscal year guidance will be reiterated. It also believes that discussions regarding Americas leveling out, the growth opportunities in China and internationally, and the company's tendency towards promotions will persist into Q4.
While top-line trends at lululemon are expected to remain sluggish, primarily due to recent merchandising missteps in domestic women's categories, it is believed that internal dynamics have not deteriorated further. Demand within the athletic apparel and footwear sector is considered stable, suggesting that Q3 results for Lululemon are likely to align with Street expectations, with minimal, if any, need for a further revision in FY24 guidance.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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