Lululemon: Room to Grow

Following Lululemon Athletica’s (LULU) fourth-quarter results, Nomura’s Robert Drubl and team feel confident the yoga-wear company can improve its comp sales. The team writes: Getty Images First, Lululemon is exposed to the fast-growing athletic apparel category. We expect participation in active lifestyle to continue to increase globally; however, we also expect the penetration of active [...]