Markets

Lululemon shares tumble after disappointing sales forecast

Lululemon shares tumble after disappointing sales forecast”

"The magnitude of the trend reversal for Lululemon was surprising", wrote Evercore ISI analyst Omar Saad in a research note. The apparel retailer reported $1.00 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.01 by $0.01. Analysts expected earnings of $1.01 per share on revenue of $783 million, according to FactSet analysts. As of 11:50 a.m. EDT, the stock was down 22.8%.

On the books, cash and cash equivalents totaled $734.85 million at the end of the quarter, versus $501.48 million in the same period past year. They now have a $64.00 price target on the apparel retailer's stock. There may be many price targets for a single security.

01/19/2017 - CLSA began new coverage on lululemon athletica inc. giving the company a " rating.

Bastian Schweinsteiger given hero's welcome by Chicago Fire fans
Regarding his hard near five-month exile at the Red Devils, Basti said: "I'm not really a negative thinker. I feel quite comfortable. "I had a great time there, especially with my team-mates and the staff there".

Citi lowered its recommendation to "neutral" from "buy" and Susquehanna cut its rating to "neutral" from "positive". Lululemon Athletica inc. (NASDAQ:LULU) has declined 17.37% since August 23, 2016 and is downtrending. Jefferies Group LLC's price target would indicate a potential downside of 3.47% from the stock's current price. Pacific Invest Mgmt Company holds 0.04% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) has "Sector Weight" rating given on Friday, February 3 by KeyBanc Capital Markets. (NASDAQ:LULU). Northwestern Mutual Wealth Mngmt holds 0% or 1,367 shares.

12/12/2016 - lululemon athletica inc. was upgraded to "market perform" by analysts at FBR Capital Markets. Lululemon Athletica inc. presently has an average rating of Buy and a consensus target price of $72.42. Finally, Royal Bank of Canada restated a buy rating and issued a $80.00 price target on shares of Lululemon Athletica inc.in a research note on Thursday, January 5th. The Cortina Asset Management Llc holds 500,977 shares with $42.46M value, down from 618,043 last quarter. Specifically, management now expects to lower its debt level to $20 billion in 2017 from $27 billion while significantly accelerating its share repurchase spending.

Konik noted that while he remains "very constructive" on the athletic space, Lululemon isn't the stock investors should own. Taking a further look from a different perspective, the stock has been recently recorded -0.570% off of the 52-week high of 113.240 and +24.669% apart from the 52-week low of 90.315.

Coaches: North Carolina Final Four advantage to fade after tipoff
The tournament - to date - we're up 10 percent this year over last year, averaging 9.8 million viewers, which is just spectacular. The Zags were expected to reach the national semifinals as a No. 1 seed, but the seventh-seeded Gamecocks are a huge surprise.

Lululemon Athletica Inc.is a designer, distributor and retailer of technical athletic apparel.

Comparable store sales ("comps") rose 6% from previous year, which was in-line with what the company had guided for.

The sell-off by Lululemon comes after the after the yoga wear maker reported weaker than expected fourth quarter earnings and provided disappointing guidance for the current quarter. The Firm offers a line of apparel and accessories for women, men and female youth.

Payton: Saints won't sign Butler to offer sheet
The Patriots have tendered him at the first-round level, for $3.91 million, but Butler hasn't signed the tender. In fact, we're not going to do that. "I don't think any of those are the question right now".



Like this

Latest


31 March 2017
Spacewalk mishap: Astronauts lose important piece of space station's protective shielding
NASA spokesman Dan Huot said the three remaining shields were installed to cover the most vulnerable spots, the report said. The third spacewalk, by Whitson and European Space Agency astronaut Thomas Pesquet, now is planned for April 6.

31 March 2017
White House invites lawmakers to see intelligence material
They spoke only on condition of anonymity because they were not authorized to discuss the internal matter. It is unclear if they are the same as those viewed by Nunes.

30 March 2017
Mass Effect Andromeda Dev Experimented With No Man's Sky-Style Procedural Planets
Animations have been at the top of most of the criticism with it simply not meeting the standards of open-world RPGs of the present .

30 March 2017
After Match Play, can anyone beat Dustin Johnson?
Those answers could be construed as elusive rhetoric from any other player, but in Johnson's case, it's just the plain truth. At the 16th Rahm brilliantly holed from 31ft, meaning Johnson was suddenly only one hole ahead with two to play.

30 March 2017
Ivanka Trump to become official White House employee
She has been an increasingly influential adviser to the president and her husband, Jared Kushner, is a powerful Trump adviser. The business can not make deals with any foreign state, and the trustees will confer with Gorelick over any new agreements.

30 March 2017
Goodbye, Olympic tape delay
Welcome to 2017, baby! For the first time ever NBC will be transmitting the PyeongChang 2018 Olympics live across all time zones. The network announced today that all time slots daytime, primetime or late night will be showing events live from South Korea.

30 March 2017
No LGBTQ Category Included in Census Proposal for 2020 Count
According to the Task Force, more than 100,000 LGBTQ people included the sticker on their 2010 census envelopes. The census now gives a snapshot of same-sex households, which has been used as an approximation of gay couples.

30 March 2017
French-Chinese community protest after police shoot man dead
Chen Xiaoqi, the chairman of the Qingtian Association in France, said most of those involved in the protest were young people. China's state-run Xinhua News Agency says that, according to witnesses, one man of Chinese origin was injured in the clashes.

30 March 2017
Vladimir Putin denies French election interference after Marine Le Pen meeting
There have been reports of Le Pen's closer ties with Russia , similar to that of Trump's relations with his Russian counterpart. The only French presidential candidate to meet with Putin, Le Pen is one of the front-runners in the French election.

29 March 2017
Amazon tests grocery pickup service
The easier and more convenient it is for every person in the world to purchase goods from Amazon , the bigger Amazon gets. The AmazonFresh grocery delivery service is still a small part of the company's business despite launching 10 years ago.



Recommended