lululemon athletica (LULU) Tops Q3 EPS by 4c; Comps Up 5%; Issues Light Q4 Outlook
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Go back to lululemon athletica (LULU) Tops Q3 EPS by 4c; Comps Up 5%; Issues Light Q4 Outlook
December 13, 2013 7:36 AM EST
Janney Capital analyst Adrienne Tennant lowered estimates and her fair value target on Lululemon Athletica Inc. (NASDAQ: LULU) from $90 to $76 following Q3 results but lackluster outlook. However, given upside that still exists the analyst is maintaining a Buy rating.
The lower Q4 outlook stems from supply chain issues and overall traffic trends. "Late product deliveries that impacted 3Q13 have continued into 4Q13, which has resulted in uneven product flow and now the company is canceling purchase orders attempting to catch quality issues at the source. The company noted that it believes the... More
December 13, 2013 7:25 AM EST
Credit Suisse downgraded Lululemon Athletica Inc. (NASDAQ: LULU) from Outperform to Neutral with a price target of $59.00 (from $78.00).
For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more... More
December 12, 2013 9:19 AM EST
Speaking on the company's conference call, Lululemon Athletica's (Nasdaq; LULU) CFO John Currie said traffic has slowed and the company is experiencing a soft start to Q4. The traffic slowdown is tied to macro, PR, and product issues.... More
