Lululemon sales beat expectations, shares rise
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Oppenheimer Remains Bullish on Lululemon Athletica (LULU) Following Solid 1Q Report
June 9, 2016 9:34 AM EDTOppenheimer maintained an Outperform rating and $80.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 1Q earnings report. LULU reported EPS of $0.33, ahead of the Street's estimate of $0.31. Gross margins beat guidance by 130 bps, with upside coming from product margins, less occupancy deleverage and... More
Wedbush Remains Bullish on Lululemon Athletica (LULU) Following 1Q Report
June 9, 2016 8:24 AM EDTWedbush maintained an Outperform rating and $80.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 1Q earnings report. Sales topped expectations, with SSS hitting +8% versus consensus of +6%. 2Q SSS guidance of +MSD falls in line with consensus of +5.5%. FY16 EPS was... More
UBS Raises Price Target on Lululemon Athletica (LULU) to $72 Following 1Q
June 9, 2016 8:10 AM EDTUBS reiterated a Neutral rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target to $72.00 (from $69.00), following the company's 1Q and conference call. LULU noted that momentum has continued in early 2Q, particularly in terms of GM recovery, which provides more... More
Cowen Raises Price Target on lululemon athletica (LULU) Following Strong 1Q Comps
June 8, 2016 5:45 PM EDTCowen reiterated an Outperform rating on Lululemon Athletica Inc. (NASDAQ: LULU), and raised the price target to $80.00 (from $76.00), following the company's 1Q earnings report. LULU's EPS was a 1c miss vs. the Street. However, the company's comp was reported at +8%, ahead of the Street expectations... More
S&P Assigns 'BBB-' Rating to Under Armour (UA); Outlook is Stable; Notes Smaller Scale vs. Nike, adidas
June 8, 2016 11:18 AM EDTS&P Global Ratings said that it had assigned its 'BBB-' corporate credit rating to Under Armour Inc. (NYSE: UA). At the same time, we assigned a 'BBB-' issue-level rating to the company's proposed senior unsecured notes due 2026.
We expect the company to use proceeds from the offering to repay a portion of its outstanding revolver borrowings.
"The ratings on Under Armour reflect its strong market share in the intensely competitive U.S. athletic footwear and apparel industry, history of robust sales and profit growth, and solid credit metrics," said S&P... More
