This Canadian company is ranked the ‘highest quality growth story’ in North American retail by a BofA Securities analyst

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Lululemon Athletica Inc. (LULU-Q) had a tough trading day on Thursday, but BofA Securities analyst Lorraine Hutchinson considers it the firm’s top high-quality growth idea among the North American retail stocks they cover, “Remains highest quality growth story in our coverage. We are forecasting 2Q EPS of $2.51, in line with consensus and guidance, but we see potential upside to both sales and margins. Our 2Q forecast includes sales growth of 15.7 per cent, gross margin expansion of 220 basis points and 220 bp of...