Cowen Lowers Price Target on lululemon (LULU) to $52 on Weak Print, But Still Reasons to Remain Bullish
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Lululemon (LULU) PT Cut to $45 at Canaccord Geunity, Sees Red Flags
December 10, 2015 8:41 AM ESTCanaccord Genuity maintained a Hold rating on Lululemon Athletica Inc. (NASDAQ: LULU), and cut the price target to $45.00 (from $52.00), following the company's 3Q earnings report. LULU's adjusted EPS of 35c missed consensus 37c estimate mainly due to elevated expense growth partly offset by lower tax rate. Traffic declined in the last few weeks of October and continued that trend until Thanksgiving. To Canaccord, this indicates that the consumer is responding when LULU ramps up promotions. Canaccord remains cautious on the stock... More
Lululemon (LULU) PT Trimmed to $40 at FBR Capital as Gross Margin Recovery Pushed Out
December 10, 2015 7:00 AM ESTFBR Capital maintained an Underperform rating on Lululemon Athletica Inc. (NASDAQ: LULU), and cut the price target to $40.00 (from $42.00), following the company's 3Q earnings report. LULU reported adjusted EPS of $0.35, vs. consensus estimates of $0.37 and guidance of $0.35$0.37. The bigger issue was the 4Q guide down and continuation of higher inventory into 4Q15/1Q16. Management guided 4Q EPS to $0.75 to $0.78.
Analyst Susan Anderson commented,... More
Lululemon (LULU) PT Cut to $50 at Mizuho
December 9, 2015 1:41 PM ESTMizuho Securities analyst Betty Chen reiterated a Neutral rating and lowered her price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $50.00 (from $58.00) as below consensus forward guidance suggests further margin pressure amidst ongoing inventory concern.
Chen commented, "While improved QTD comp momentum (we believe +MSD-HSD)... More
Unusual 11 Mid-Day Movers 12/9: (FSNN) (VRA) (TERP) Higher; (AEZS) (SIGM) (ONTY) Lower
December 9, 2015 12:47 PM ESTFusion (Nasdaq: FSNN) 63.6% HIGHER; announced that it has acquired Fidelity Voice and Data ("Fidelity"). Beachwood, Ohio-based Fidelity provides cloud voice, cloud connectivity, security, data center and cloud storage services to approximately 2,000 small, medium, and large business customers in the Midwest and throughout the U.S. Fusion expects to complete the integration of Fidelity by the end of the second quarter of 2016.
Vera Bradley (Nasdaq: VRA) 36.4% HIGHER; reported Q3 EPS of $0.27, $0.07 better than the analyst estimate of $0.20. Revenue for the... More
Pre-Open Stock Movers 12/09: (VRA) (SUNE) (CARA) Higher; (AEZS) (ONTY) (SIGM) Lower (more...)
December 9, 2015 9:32 AM ESTAeterna Zentaris Inc. (NASDAQ: AEZS) 27.9% LOWER; announced the pricing of its previously announced underwritten public offering (the Offering) of common shares and warrants with a public offering price of US$5.55 for one common share together with a warrant to purchase 0.7 of a common share for gross proceeds of US$16.65 million. A total of 3.0 million common shares and warrants to acquire 2.1 million common shares are expected to be... More
lululemon athletica (LULU) Gaining Traction in Men's, but Inventory, Supply Chain Will Add Quarters of Pressure - FBR
December 9, 2015 9:01 AM ESTFBR & Co. affirmed its Underperform rating and $42 price target on lululemon athletica (NASDAQ: LULU) following the company's quarterly report issued earlier.
Analyst Susan Anderson commented, We think LULU is gaining traction in men's and its brand continues to resonate well with women; however,... More
lululemon athletica (LULU) Tops Q3 EPS by 1c; Trims FY15 Outlook
December 9, 2015 5:51 AM ESTlululemon athletica (NASDAQ: LULU) reported Q3 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $479.7 million versus the consensus estimate of $481.78 million.
Total comparable sales, which includes comparable store sales and direct to consumer, increased... More
Lululemon shares pummeled after profit-margin warning
December 9, 2015 5:42 AM ESTBy Julie Gordon and Anet Josline Pinto
VANCOUVER/BENGALURU (Reuters) - Shares of Canadian yogawear retailer Lululemon Athletica Inc (NASDAQ: LULU) plunged on Wednesday after it warned that profit margins were unlikely to fully recover until 2017 and cut its full-year earnings forecast.
The Vancouver-based company, which reported a lower-than-expected third quarter profit, said it expects margins to improve gradually as it works through supply chain problems and an inventory build-up.
But Canaccord Genuity analyst Camilo Lyon said frustration over margin recapture being pushed back to 2017 was likely driving the sell-off, as shares... More
Trading Radar for 12/9: lululemon athletica (LULU), Vera Bradley (VRA), Men's Wearhouse (MW), Layne Christensen (LAYN) Report
December 8, 2015 2:39 PM ESTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EST
Earnings:
