lululemon athletica (LULU) Misses Q4 EPS by 1c, Guides Q1 and FY Below Consensus
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March 30, 2017 10:53 AM EDT
Canaccord Genuity lowered its price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $41.00 (from $45.00) while maintaining a Sell rating. 4Q EPS of $1.00 missed the consensus estimate of $1.01. Comps of 7% exceeded estimates and gross margin of 54.2% came in ahead of 54% estimates.
Q1 and 2017... More
March 30, 2017 10:09 AM EDT
MKM Partners lowered its price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $75.00 (from $90.00) while maintaining a Buy rating following the company's 4Q. Higher than expected sales and gross margin were offset by higher SG&A. However, the 1Q/FY comp and earnings outlook was... More
March 30, 2017 10:01 AM EDT
Oppenheimer lowered its price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $65.00 (from $75.00) while maintaining a Outperform rating. LULU reported a 4Q beat driven by strength in product margin. However, the consumer wants more fashion/newness as LULU shares trade down 18%, with earnings moving down... More
March 30, 2017 6:54 AM EDT
Instinet lowered its price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $65.00 (from $72.00) while maintaining a Buy rating.
Analyst Simeon Siegel notes the 1Qs comp guidance was first negative comp guidance since 2Q14. He said with the FY comp looking for... More
March 30, 2017 6:17 AM EDT
Wells Fargo downgraded Lululemon Athletica Inc. (NASDAQ: LULU) from Outperform to Market Perform and lowers its valuation range to $49-$50 (from $78-$80) following weak guidance.
Analyst Ike Boruchow said Q4 results brought to light several issues that will likely create an overhang for the stock:
top-line trends have decelerated significantly QTD (to...
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