Slowdown in Comps Hits lululemon's (LULU) Q4 Results, Outlook; FBR Affirms at 'Underperform'

MKM Partners Raises Price target on Lululemon Athletica (LULU) Following 4Q Conference Call

March 31, 2016 10:40 AM EDT

MKM Partners reiterated a Buy rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target to $77.00 (from $69.00), following the company's 4Q earnings call. MKM came away from the call and conversations with management with a better appreciation of catalysts that will fuel mid-teens sales growth and low-20's earnings... More

Oppenheimer Raises Price Target on Lululemon Athletica (LULU) Following Strong 4Q

March 31, 2016 8:53 AM EDT

Oppenheimer reiterated an Outperform rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target to $80.00 (from $70.00), following the company's 4Q earnings report. LULU's holiday results were better across the board, with 11% comp 7-point acceleration on 2-year stack, gross margins exceeding high end of guided range and inventory reduction... More

UBS Raises Price Target on Lululemon Athletica (LULU) Following a Strong 4Q Report

March 31, 2016 7:57 AM EDT

UBS reiterated a Neutral rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target to $69.00 (from $60.00), following the company's 4Q earnings report. LULU reported an SSS & EPS beat, while simultaneously beating GM's and reducing inventories a quarter early.

Analyst Michael Binetti commented, "We're impressed that LULU achieved a SSS & EPS beat while... More

Wedbush Raises Price Target as lululemon athletica (LULU) Sets 2020 Targets

March 31, 2016 7:36 AM EDT

Wedbush reiterated an Outperform rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target to $80.00 (from $72.00), following the company's 4Q earnings report. 4Q easily topped expectations, with SSS hitting +11% versus raised guidance of +HSD. Momentum has continued into 1Q, though executives... More

Nomura Securities Raises Price Target on lululemon athletica (LULU) Following 4Q and Long Term Outlook

March 31, 2016 7:11 AM EDT

Nomura Securities reiterated a Buy rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target to $72.00 (from $59.00), following the company's 4Q earnings report. LULUs 11% comp surpassed St estimates and remains an industry leader. Beyond the standard +1Q/+1FY guide,... More

Mizuho Securities Raises Price Target on lululemon athletica (LULU) Following 4Q Beat

March 30, 2016 4:33 PM EDT

Mizuho Securities reiterated a Neutral rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target of $65.00 (from $50.00), following the company's 4Q. LULU reported EPS of $0.85 vs. $0.78 LY, above the consensus estimate of $0.80 on comps of +11% vs. +8% LY. Management also stated that it... More

Sterne Agee CRT Reiterates Buy on lululemon athletica (LULU) Following 4Q Earnings and Guidance

March 30, 2016 3:52 PM EDT

Sterne Agee CRT maintained a Buy rating and $75.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 4Q. Total SSS on an FX-neutral basis increased 11% with brick & mortar SSS +5% and e-commerce sales +33%. LULU reported adjusted EPS of $0.85 versus guidance of $0.78-$0.80. 1Q16 EPS guidance of $0.28-$0.30 on... More

Cowen Remains Bullish on lululemon athletica (LULU) Following Strong 4Q Results

March 30, 2016 8:53 AM EDT

Cowen 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

Wall Street plows higher as anxiety falls to seven-month low

March 30, 2016 7:29 AM EDT

By Noel Randewich

(Reuters) - U.S. stocks plowed further into positive territory for 2016 on Wednesday, helped for a second session by comments from Federal Reserve Chair Janet Yellen that eased anxiety about potential interest rate hikes.

MetLife and other financial stocks led the market higher with Apple and other technology stocks also gaining.

Yellen said on Tuesday the U.S. central bank should proceed cautiously as it looks to raise interest rates. On Wednesday, her comments were echoed by Chicago Fed President Charles Evans, who said there was a high hurdle to raising rates in April, given low... More

lululemon athletica (LULU) Tops Q4 EPS by 5c; Guides Q1 EPS Below Expectations

March 30, 2016 6:04 AM EDT

lululemon athletica (NASDAQ: LULU) reported Q4 EPS of $0.85, $0.05 better than the analyst estimate of $0.80. Revenue for the quarter came in at $704.3 million versus the consensus estimate of $693.38 million.

Total comparable sales, which includes comparable store sales and... More