Lululemon Athetica (LULU) volatility elevated into Q2 and outlook
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MKM Partners Reiterates Buy on lululemon athletica (LULU) Following 2Q
September 2, 2016 11:07 AM EDTMKM Partners reiterated a Buy rating and $90.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's 2Q earnings report. LULU's 5% comp included a 4% store comp and a 7% gain in DTC, below expectation's of 19%, with the differential largely due to the warehouse sale LY.
Analyst... More
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
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
