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July 16, 2014
05:51 EDTLULU, LLStocks with implied volatility below IV index mean; LULU LL
Stocks with implied volatility below IV index mean; lululemon (LULU) 33, Lumber Liquidators (LL) 53 according to iVolatility.
News For LL;LULU From The Last 14 Days
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October 9, 2015
11:33 EDTLLLumber Liquidators options active on sharp rally
Lumber Liquidators October 19 weekly and October 20 calls are active on total call volume of 10K (5K puts). October weekly call option implied volatility is at 89, October is at 80, November is at 84; compared to its 52-week range of 50 to 138. Active options volume suggests traders taking positions for large price movement.
October 8, 2015
09:51 EDTLLLumber Liquidators trades higher after settlement
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06:22 EDTLLLumber Liquidators volatility elevated into settlement
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05:58 EDTLLOptions expected to be active: EMC VMW IBM HPQ ORCL AA DB LL
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October 7, 2015
19:16 EDTLLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Mistras Group (MG), up 16.3%. HIGHER: Lumber Liquidators (LL), up 11% after announcing a settlement related to the Lacey Act investigation... Chemours (CC), up 2.3% after Bloomberg reported that Apollo Global Management may be exploring a buyout of the company... Nivalis Therapeutics (NVLS), up 16.2% after reporting topline Phase 1b data on N91115 for cystic fibrosis... Zumiez (ZUMZ), up 3.8% after reporting September net sales. DOWN AFTER EARNINGS: Deutsche Bank (DB), down 6.5%. ALSO LOWER: Cardiovascular Systems (CSII), down 15.8% after providing first quarter guidance... Ocean Rig UDW (ORIG), down 11.1% after receiving notice of a material breach for the Ocean Rig Mylos contract... Newtek Business Services (NEWT), down 3.4% after filing to sell 2M shares of common stock.
16:34 EDTLLLumber Liquidators up 13% after settlement related to Lacey Act investigation
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16:30 EDTLLLumber Liquidators announces settlement related to Lacey Act investigation
Lumber Liquidators announced a settlement with the Environment and Natural Resources Division of the Department of Justice, or DOJ, related to the company's compliance with the Lacey Act. This concludes the DOJ's inquiry launched in 2013, which primarily related to certain foreign suppliers harvesting more timber than their permits allowed in foreign jurisdictions, such as Eastern Russia, and the company's importation of flooring products made from this timber. This matter focused on some of the company's hardwood flooring purchase orders and import declarations made concerning the origin of the timber of those orders. Lumber Liquidators fully cooperated with federal authorities and is continuing to make significant enhancements to its sourcing and compliance practices. This settlement is unrelated to current California Air Resources Board, or CARB, related claims around certain Lumber Liquidators products. As part of the settlement, Lumber Liquidators has agreed to plead guilty to violations of a Customs law and the Lacey Act, and pay a combined total of $10.0M in fines, community service payments and forfeited proceeds. The payments include a $7.8M fine, community service contributions of $880,825 and $350,000 to the National Fish and Wildlife Foundation and the Rhinoceros and Tiger Conservation fund, respectively, and a $969,175 forfeiture payment. The company reserved for this amount in Q1. The agreement includes four misdemeanor due care violations of the Lacey Act and a single felony charge for entry of goods by means of false statements. These violations, including the Class E felony, do not require the company to have acted with a deliberate or willful intent to violate the law, and the company did not stipulate that it acted with such a deliberate or willful intent. Lumber Liquidators also has agreed to implement an Environmental Compliance Plan to ensure future compliance with the Lacey Act. In addition, as previously disclosed, the company determined in Q2 that there were Lacey Act compliance concerns related to a limited amount of its engineered hardwood flooring. As a result, the company suspended sales of approximately $4.1M of this product pending further investigation, and brought this matter to the attention of the DOJ. During its investigation, the company determined that there were no compliance concerns with respect to approximately $0.9M of the suspended engineered hardwood flooring. As part of the agreement with the DOJ, the company also reached a settlement with the DOJ related to the remaining $3.2M of suspended engineered hardwood flooring. In the settlement, the DOJ will accept a $3.2M payment in lieu of a civil forfeiture of this product, and the company will be permitted to sell the suspended engineered hardwood flooring and retain any proceeds of the sale. The company reserved for the payment in Q2. Both the $10.0M payment related to the 2013 inquiry and the $3.2M payment in lieu of civil forfeiture, which remain subject to court approval, will be paid in various phases over the next two years. The company does not believe the settlement or related payments will impact its ability to borrow under its asset-based revolving credit facility. The company is continuing to cooperate with other agencies, including the Consumer Product Safety Commission, CARB, SEC and U.S. Attorney's Office for the Eastern District of Virginia, with respect to additional ongoing inquiries and legal proceedings unrelated to the announced settlement.
11:12 EDTLULUCiti favors lululemon in retailing, says sell Penny and Kors
Citi analyst Paul Lejuez rolled out coverage of 20 companies in the Specialty Retailing and Department Stores space, recommending to investors that they sell J.C. Penney (JCP) and Michael Kors (KORS) shares and buy stock in lululemon (LULU). SELL J.C. PENNEY: Commenting on the "stormy sector" in general terms, Lejuez said he believes challenges to the retail industry are here to stay, but that there are still stand-outs on both the positive and negative side. Regarding J.C. Penney specifically, Lejuez told investors that the company's management is in a "tough spot," as they need to recover from a prior failed strategy but don't have the needed cash flow to invest and win back customers. The analyst think Penney will see some improvement in the top line, but that any increases in operating cash flow as a result of sales and margin improvement will be matched by increased capital expenditures, meaning that free cash flow will be "elusive for the foreseeable future. Lejuez started shares of J.C. Penney with a Sell rating and $7 price target. SELL KORS: Among the 20 stocks he started coverage on in the space, Michael Kors was the only other Sell rating the analyst issued. Lejuez believes the company has overdistributed its brand and though U.S. comparable sales have just started to decline he thinks this decline will last for the "foreseeable future." Lejuez, who contends that Europe and wholesale may be next to deteriorate, set a $38 price target on the stock. BUY LULULEMON: Among the ten Buy rating issued this morning, Lejuez said his most preferred stock in the bunch is yoga apparel maker lululemon. The analyst thinks the "athleisure" retailer has moved beyond its prior product and public relations missteps and that its international opportunities will provide the next leg of growth for the company. The analyst, who expects double-digit sales growth for the next several years for lululemon, set a $69 price target on its shares. His other Buy-rated names, in order of preference, include TJX (TJX), Tiffany (TIF), Urban Outfitters (URBN) and Ross Stores (ROST). PRICE ACTION: In morning trading, J.C. Penney fell 2.7% to $9.52, Michael Kors slipped 0.3% to $43.24 and lululemon shares rose 2.2% to $52.86.
10:01 EDTLULUOn The Fly: Analyst Initiation Summary
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07:33 EDTLULUlululemon initiated with a Buy at Citi
Citi analyst Paul Lejuez started shares of lululemon with a Buy rating and $69 price target. Of the 20 companies he initiated last night in the Specialty Retailing and Department Stores space, lululemon ranks as his top Buy-rated name.
07:29 EDTLULUJ.C. Penney initiated with a Sell, $7 target at Citi
Citi analyst Paul Lejuez started shares of J.C. Penney (JCP) with a Sell rating and $7 price target. The retailer closed yesterday down 6c to $9.73. The company's goals are aggressive while its free cash flow is "elusive," Lejuez told investors this morning in a research note. He initiated 19 other companies in the Specialty Retailing and Department Stores space. His Buy-rated names, in order of preference, include lululemon (LULU), TJX (TJX), Tiffany (TIF), Urban Outfitters (URBN) and Ross Stores (ROSS).
October 2, 2015
14:54 EDTLLLumber Liquidators November elevated at 104
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10:10 EDTLLOptions with increasing implied volatility
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September 29, 2015
12:40 EDTLULUlululemon October weekly calls active
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11:02 EDTLULURumor: lululemon strength attributed to takeover speculation
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September 28, 2015
05:32 EDTLULUStocks with implied volatility below IV index mean; LULU ASHR
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September 25, 2015
09:09 EDTLULUlululemon recent weakness a buying opportunity, says Baird
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05:34 EDTLULUStocks with implied volatility below IV index mean; LULU ASHR
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