Wall Street advances as U.S. payrolls report falls short
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September 2, 2016 9:25 AM EDT
Oppenheimer 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
September 2, 2016 8:46 AM EDT
UBS 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
September 2, 2016 8:07 AM EDT
Wedbush 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
