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Lululemon Athletica Inc. Message Board

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  • gregbent gregbent Sep 23, 2011 9:42 AM Flag

    NIKE UP 6% LULU to follow

    Apparel Stocks: Lululemon Athletica (LULU) is initiated with a Buy and $68 price objective at Auriga, which thinks they are well positioned to capture discretionary dollar spend as consumers shift focus to healthier lifestyles --- LOOKS like NIKE is doing the same !!

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    • Clare Gallacher is the analyst covering LULU at Auriga.

      She had a buy on it at Capstone; they dropped coverage when she left -- price target unchanged.

      Looks like she took her model and her price target with her when she moved, so this isn't exactly news.

      • 3 Replies to thwackamole
      • thwhacka:

        See my posts on GMCR. I haven't posted here in awhile. This stock is actually moving up past GMCR on my list of puts candidates.

        LULU is SO exposed to the currency effects. The YOY comps will have a net negative 10% bias this year (last year it was +10% bias) on 55% of sales. That is a HUGE swing. Even if the economy doesn't go into recession, comp store sales in the US will approach the rate found in Canada as they mature (I modeled SSS as a function of age and you can see the pattern). If we do go the recessionary path, comp store sales of $1500 a square foot is likely (were about $1400 sq/ft in 2008 recession). Coupled with currency effects, LULU could lose money rather than see growth.

      • Well the stock is UP -- it sure isnt' negative news.

        I agree with her, consumers are shifting to healthier lifestyles.

        just need to look at this weeks new high list - WFMI, HANS, DMND

        The mid-market boring - cotton/jeans losing share of wallet from NKE,UA,LULU --

        A $100 pair of Yoga pants is just replacing the $300 designer jeans

      • The institutional long only funds over here will soon realize that if they don't get liquid selling into these squeezes now that they will never realize their paper gains...

 
LULU
44.01+0.57(+1.31%)Sep 17 4:15 PMEDT

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