Lululemon shares plummet after disappointing sales forecast

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Lululemon Athletica Inc. (LULU) PT Lowered to $41 at Canaccord Genuity Following 4Q

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