Deutsche Bank Comments on Weakness in Lululemon (LULU) Following Q2 Results
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
MKM Partners Reiterates Buy on lululemon athletica (LULU) Following 2Q
September 2, 2016 11:07 AM EDTMKM Partners reiterated a Buy rating and $90.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 2Q earnings report. LULU's 5% comp included a 4% store comp and a 7% gain in DTC, below expectation's of 19%, with the differential largely due to the warehouse sale LY.
Analyst... More
Oppenheimer Reiterates Outperform on lululemon athletica (LULU) Following 2Q
September 2, 2016 9:25 AM EDTOppenheimer reiterated an Outperform rating and $80.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 2Q earnings report.
Analyst Anna Andreeva commented, "LULU's supply chain/efficiency initiatives finally bearing fruit with 2Q16 gross margins up 260 bps (beating guidance by 140... More
Cowen Reiterates Outperform on lululemon athletica (LULU) Following 2Q
September 2, 2016 8:55 AM EDTCowen reiterated an Outperform rating and $80.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 2Q earnings report. LULU reported an EPS print of $0.38, in-line with the Street. Also, a better-than-expected gross margin expansion was offset by higher SG&A.... More
UBS Remains Sidelined on lululemon athletica (LULU) Following In-Line 2Q
September 2, 2016 8:46 AM EDTUBS reiterated a Neutral rating and $72.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 2Q earnings report. LULU reported EPS of $0.38, in-line with the Street's $0.38.
Analyst Michael Binetti commented, "With LULU up nearly 45% YTD (vs XRT +2%), we expect... More
Wedbush Raises Price Target on lululemon athletica (LULU) to $84
September 2, 2016 8:07 AM EDTWedbush reiterated an Outperform rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target to $84.00 (from $82.00), following the company's 2Q earnings report. Sales fell below expectations with SSS hitting +5% versus consensus of +6%. 2Q gross margin (+260 bps) came in well above consensus expectations (+130... More
FBR Keeps 'Underperform' Rating on lululemon (LULU); Promotions, Light Traffic Should Hamper Rest of 2016
September 2, 2016 6:19 AM EDTFBR & Co. affirms lululemon athletica (NASDAQ: LULU) with an Underperform rating and $40 price target following Q2 results reported on Thursday night.
The firm commented, Results reflect +5% constant-currency comps (+4%, including F/X), versus FBR's/consensus' +5.0%/+5.4%, and EBIT margin contraction of 32 bps, versus FBR's/consensus' 70... More
Lululemon same-store sales fall short, sending shares lower
September 1, 2016 4:53 PM EDTTORONTO (Reuters) - Canadian yoga wear retailer Lululemon Athletica Inc (NASDAQ: LULU) reported comparable sales growth that fell short of analyst estimates, sending shares down nearly 9 percent on Thursday even as earnings were in line with expectations.
Second-quarter sales online and at stores open at least a year rose 5 percent, excluding exchange rate fluctuations. Analysts polled by research firm Consensus Metrix had expected a 5.9 percent increase.
Baird Equity Research analyst Mark Altschwager said the comparable sales miss would likely "fuel investor anxiety" given high expectations and the strong performance of Lululemon's... More
lululemon athletica (LULU) Reports In-Line Q2 EPS; Comps Outpaced Views
September 1, 2016 4:06 PM EDTlululemon athletica (NASDAQ: LULU) reported Q2 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $514.5 million versus the consensus estimate of $515.47 million.
Adjusted comps rose 4 percent, versus a gain of 2.8 percent... More