Lululemon shares pummeled after profit-margin warning
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Lululemon (LULU) PT Cut to $45 at Canaccord Geunity, Sees Red Flags
December 10, 2015 8:41 AM ESTCanaccord Genuity maintained a Hold rating on Lululemon Athletica Inc. (NASDAQ: LULU), and cut the price target to $45.00 (from $52.00), following the company's 3Q earnings report. LULU's adjusted EPS of 35c missed consensus 37c estimate mainly due to elevated expense growth partly offset by lower tax rate. Traffic declined in the last few weeks of October and continued that trend until Thanksgiving. To Canaccord, this indicates that the consumer is responding when LULU ramps up promotions. Canaccord remains cautious on the stock... More
Lululemon (LULU) PT Trimmed to $40 at FBR Capital as Gross Margin Recovery Pushed Out
December 10, 2015 7:00 AM ESTFBR Capital maintained an Underperform rating on Lululemon Athletica Inc. (NASDAQ: LULU), and cut the price target to $40.00 (from $42.00), following the company's 3Q earnings report. LULU reported adjusted EPS of $0.35, vs. consensus estimates of $0.37 and guidance of $0.35$0.37. The bigger issue was the 4Q guide down and continuation of higher inventory into 4Q15/1Q16. Management guided 4Q EPS to $0.75 to $0.78.
Analyst Susan Anderson commented,... More
Bernstein Downgrades Lululemon Athletica Inc. (LULU) to Market Perform
December 10, 2015 6:54 AM ESTBernstein downgraded Lululemon Athletica Inc. (NASDAQ: LULU) from Outperform to Market Perform with a price target of $50.00 (from $62.00).
For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.
Shares of Lululemon Athletica Inc. closed at $45.32 yesterday.
... MoreCowen Lowers Price Target on lululemon (LULU) to $52 on Weak Print, But Still Reasons to Remain Bullish
December 9, 2015 4:41 PM ESTCowen maintained an Outperform rating on Lululemon Athletica Inc. (NASDAQ: LULU), and cut the price target to $52.00 (from $62.00), following the company's 3Q earnings report. Focus remains on GM, which suffered on airfreight & markdowns. lululemon's women's business remains strong, with an acceleration in pant & bra... More
