Argus analyst John Staszak kept his Buy rating and $180 price target on Lululemon while raising his FY19 and FY20 EPS estimates by 10c to $3.90 and $4.30 respectively, saying the post-earnings 13% decline in its stock price poses a "buying opportunity". The analyst notes that the quarter's results were impacted by the restructuring costs, adding that although Q4 guidance was weaker than expected, the company offers "substantial opportunities" for expansion outside North America, a strong brand, and growing e-commerce sales. Staszak further anticipates Lululemon to transition to higher-margin e-commerce sales, raising its operating leverage over the next several years.