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Can Lululemon Shares Continue Their Run Higher?

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    Sterne Agee analyst Sam Poser on the outlook for Lululemon.

  • Duration 3:24
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Eleven shares climbing today after the retailer's earnings -- -- -- per cent in the second quarter can you believe that beating expectations.

The stock has been on an absolute tyranny just look at that chart it's up about 60%.

Year to date.

Does -- will have more room to run or stretching its limits finally Sam poser senior research analyst -- AG.

And he joins me now I mean this is one of those stocks -- and that makes me really nervous.

Because it just keeps rocketing higher I mean what do you where does -- go from here what's your bat.

Well I mean we we we think it's gonna continue to to rock got that -- we understand what makes people nervous however you know this company really.

Italy has a 112115.

Stores in the US right now we think that number to -- -- to over 300.

And they they really take a very special way of of of opening stores through.

-- what's called showrooms in small and in markets when they and -- really learning the market and an opening of the stores.

I'm wondering how do I -- how pairs of yoga pants do you need.

How many can you fit into your closet at some point is there such glorious looking at me like everybody not a president is -- saturation.

In this market at this point when -- has -- every piece of apparel that this place south is our point of saturation.

Well.

Baby but.

But but they come out with a new stuff all the time and because people like the way it looks in the way it fits in the new colors and so on and so forth.

People constantly go and look for what's new and as I said they're -- -- they're not in there are a lot of markets in the US where the body today.

So if you're in New York of course you think everybody knows about -- but if you're in saint Louis Missouri.

People there don't really know the brand yet it also so there's -- huge opportunities.

And I'm I mean by trade I'm more before we're analyst and we have you know people always ask me you know how many pairs of shoes does a woman in -- closet and I would dare to ask you how many you have and how many you keep buying so right it's really if you get the product -- I would tell you mind your business yeah absolutely you know is a barrier to entry.

With -- I mean you see -- let out there trying to be the same thing Under Armour is a brand that's been really hot is very fashionable why can't someone else come in.

And take advantage of this current.

Well I think the trend for product is certainly an issue but these guys their speed to market they go to market -- nine months from inception.

To the stores they're competitors go the eighteen to 24 months.

That's part of it than the other part is really the experience when you have when you shop -- lose the -- the eight the the staff of the stores exceptional.

They really work -- -- to -- to tell you what works and what doesn't work.

-- really don't have that kind of experience in in those other players are being.

There's great product from Under -- but they don't have retail.

And and -- flat out.

I mean my it that's the stuff sometimes it's it looks more expensive relative to what it is and the experience in the stores doesn't live up to what to what Sam what we.

-- I ask you before you got zawahri was just wondering quietly next to me if you've been in the starting do you have any -- products herself in the abandon their shopping in the men's stuff.

They make great -- stuff and you know would I lose feeding your baby.

That's I thought I would love but.

But right now no.

Sam your fantastic sport thank you for coming on today we appreciate your title -- -- -- -- what a good guy really well.

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