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Slowdown in Comps Hits lululemon's (LULU) Q4 Results, Outlook; FBR Affirms at 'Underperform'
March 30, 2016 9:00 AM EDTFBR & Co. affirms lululemon athletica (Nasdaq: LULU) at Underperform following Q4 results and outlook issued earlier Wednesday.
Analyst Susan Anderson noted the following points today ahead of the company's quarterly conference call:
4Q results. 4Q adjusted EPS of $0.85 reflected (1) comps of +11% (vs. FBR/street of +7.5%/+8.1%); (2) SG&A... MoreCowen Remains Bullish on lululemon athletica (LULU) Following Strong 4Q Results
March 30, 2016 8:53 AM EDTCowen reiterated an Outperform rating and $66.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 4Q earnings report. LULU reported 4Q EPS of $0.85, higher than the Street at $0.80, & vs. management's guidance of $0.78-$0.80. The result was driven by a higher-than-anticipated sales, a... More
