Seeking Alpha

Lululemon starts off earnings week with some momentum

  • Lulemon (LULU +2.2%) reports Q4 earnings later this week with all eyes on how well the retailer held up with a promotional haze cutting into margins across the sector.
  • Though the company has already lowered expectations for the period, the read on online sales growth, margins, and store traffic will still be critical.
  • Shares of LULU are on the rose today, despite some PT cuts from investment firms.
  • JPMorgan lowered its price target on Lululemon LULU to $58 from $74.
  • Wedbush clips its PT on the retailer to $54, while Mizuho is on the low end at $48.
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