MKM Partners Reiterates Buy on lululemon athletica (LULU) Following 2Q
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Morgan Stanley Downgrades Lululemon Athletica Inc. (LULU) to Equalweight
September 2, 2016 10:13 AM EDTMorgan Stanley downgraded Lululemon Athletica Inc. (NASDAQ: LULU) from Overweight to Equalweight with a price target of $70.00 (from $74.00).
For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.
Shares of Lululemon Athletica Inc. closed at $76.66 yesterday.
... MorePre-Open Stock Movers 09/02: (ACW) (PES) (MGT) Higher; (PAY) (LULU) (PQ) Lower (more...)
September 2, 2016 9:29 AM EDTToday's Pre-Open Stock Movers
Accuride Corporation (NYSE: ACW) 54.2% HIGHER; announced that it has entered into a definitive agreement to be acquired by funds managed by Crestview Partners, a leading New York based private equity firm, for $2.58 per share in cash. The purchase price represents a premium of 55% over Accurides closing share price on September 1st, 2016, and a premium of 66% over the 30-day volume weighted average price as of the same date.
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
Deutsche Bank Comments on Weakness in Lululemon (LULU) Following Q2 Results
September 2, 2016 7:57 AM EDTDeutsche Bank maintained a Hold rating on Lululemon Athletica Inc. (NASDAQ: LULU) with a price target of $65. Shares declined following the release of Q2 results. Analyst Dave Weiner said a "balanced report" was not what the market wanted.
Weiner explained, "LULUs... 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
Option volume flows
September 2, 2016 5:30 AM EDTOptions expected to have increasing volume: LULU PAY AMBA COO SEAC GPS SWH
... MoreStocks with Implied Volatility Movement
September 2, 2016 5:14 AM EDTlululemon athletica (NASDAQ: LULU) implied volatility is above its IV index mean
... MoreAfter-Hours Stock Movers 09/01: (MGT) Higher; (PAY) (LULU) (PQ) Lower (more...)
September 1, 2016 6:01 PM EDTToday's After-Hours Movers
VeriFone Systems (NYSE: PAY) 14.3% LOWER; reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $493 million versus the consensus estimate of $515.54 million. GUIDANCE: VeriFone Systems sees Q4 2016 EPS of $0.28-$0.29, versus the consensus of $0.48. VeriFone Systems sees Q4 2016 revenue of $460 million, versus the consensus of $536.3 million. VeriFone Systems sees FY2016 EPS of $1.64-$1.65, versus the consensus of $1.85. VeriFone Systems sees FY2016 revenue of $2 billion, versus the consensus of $2.1... 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
Lululemon Athetica (LULU) volatility elevated into Q2 and outlook
September 1, 2016 9:25 AM EDTlululemon athletica (NASDAQ: LULU) September weekly call option implied volatility is at 124, September is at 52, October is at 37; compared to its 52-week range of 23 to 64 into the expected release of Q1 results today after the market close
... MoreLululemon Athetica (LULU) puts active on elevated volatility into Q2 and outlook
August 31, 2016 2:27 PM EDTlululemon athletica (NASDAQ: LULU) September weekly 70 and 75 puts are active on total put volume of 21K contracts (10K calls) into the expected release of Q1 results on September 1. September weekly call option implied volatility is at 129, September is at 54, October is at 37; compared to its 52-week range of 23 to 64.
... MoreTrading Radar for 9/1: lululemon (LULU), Joy Global (JOY), Campbell Soup (CPB), Ciena (CIEN), Ambarella (AMBA) Report
August 31, 2016 2:18 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT