1Sem.ยท

Fair LULU

With $LULU (+1,3ย %) guiding EPS ~$13:

โ€ข P/E 15x โ†’ $195

โ€ข P/E 18x โ†’ $234

๐Ÿ‘‰ Fair value shifts to ~$190โ€“230 (down from $270โ€“300).

At ~$170, market is pricing in risk that $13 EPS may not be the floor.

Not financial advice โš ๏ธ

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