William Blair analyst Sharon Zackfia has reiterated their bullish stance on LULU stock, giving a Buy rating today.
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Sharon Zackfia’s rating is based on Lululemon Athletica’s solid financial performance and growth prospects. The company’s earnings per share increased slightly, surpassing expectations, thanks to better-than-anticipated sales and improved gross margins, despite some challenges like higher SG&A costs due to foreign exchange losses.
Additionally, Lululemon’s strong performance in China, which remains its fastest-growing market, and steady growth in other regions such as the Americas, highlight its robust international expansion. The company’s ability to maintain product innovation and respond to consumer demand has also contributed to its positive outlook, reaffirming its revenue targets for 2025 despite some minor adjustments due to tariffs.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $350.00 price target.