** Analysts at Macquarie say sales at Australia's Universal Store UNI.AX remain strong but are moderating, as the retailer navigates tougher market competition
** Brokerage keeps "outperform" rating and A$10.20 PT
** Says the A$17 million ($11.05 million) net cash on balance sheet allows offshore expansion options
** Sees penetration into private-label product, alongside ongoing store rollout supporting network sales growth
** Nine of 10 analysts rate the stock "buy" or higher and one "hold"; median PT is A$10.5 - data compiled by LSEG
** Shares up 4.9% YTD
($1 = 1.5389 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))