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Stock Market & Financial Investment News

News Breaks
June 12, 2014
11:50 EDTGPS, M, LULU, VFClululemon plummets to 52-week low after outlook cut, CFO retires
Shares of athletic apparel retailer lululemon (LULU) are sinking after the company's second quarter view missed analysts' consensus estimates and it lowered its fiscal 2014 outlook. The company's CFO, John Currie, also announced his retirement. WHAT'S NEW: This morning, lululemon reported Q1 adjusted earnings per share of 34c and revenue of $384.6M, topping estimates of 32c and $381.24M, respectively. Q1 SSS on a combined basis increased 1% on a constant dollar basis. Comparable corporate-store sales for Q1 decreased by 4% on a constant dollar basis and direct to consumer revenue increased 25% on a constant dollar basis. For Q2, the company forecast EPS of 28c-30c and revenue of $375M-$380M, falling short of consensus of 36c and $387.19M, respectively. The company lowered its FY14 normalized EPS view to $1.71-$1.76 from $1.80-$1.90, compared to consensus of $1.89. It also narrowed its FY14 revenue guidance to $1.77B-$1.8B from $1.77B-$1.82B, versus consensus of $1.8B. The company's CFO, John Currie, also announced his intention to retire by the end of the fiscal year. WHAT'S NOTABLE: On its earnings conference call, the company said Q2 sales have started off behind plan and that comps have been "more impacted than originally anticipated." ANALYST REACTION: Following the company's quarterly report, the stock was downgraded to Market Perform from Outperform at William Blair and was downgraded to Hold from Buy at Stifel. OTHERS TO WATCH: lululemon has been facing increased competition from rival yoga-wear retailers and department stores such as Gap's (GPS) Athleta brand, VF Corp's (VFC) lucy, Macy's (M), and others who are selling athletic-wear at lower prices and across more locations, according to a Reuters report. PRICE ACTION: In late morning trading, lululemon fell about 15% to $37.87 on nearly six times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $37.00. Including today's pull back, the stock is down approximately 41% over the past 12 months.
News For LULU;GPS;VFC;M From The Last 14 Days
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March 26, 2015
05:36 EDTLULUlululemon sees FY15 EPS $1.85-$1.90, consensus $2.06
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05:35 EDTLULUlululemon sees Q1 EPS 31c-33c, consensus 39c
Sees Q1 revenue $413M-$418M, consensus $442.01M. Sees Q1 comparable sales up in low single digits on a constant dollar basis.
05:34 EDTLULUlululemon reports Q4 total comparable sales up 8%
Total comparable sales, which includes comparable store sales and direct to consumer, increased by 8% for the fourth quarter on a constant dollar basis. Comparable store sales for the fourth quarter increased by 5% on a constant dollar basis and direct to consumer net revenue increased 20% on a constant dollar basis. Direct to consumer net revenue increased 17% to $114.5 million, or 19.0% of total company net revenue, in the fourth quarter of fiscal 2014, an increase from 18.8% of total company net revenue in the fourth quarter of fiscal 2013.
05:34 EDTLULUlululemon reports Q4 EPS 78c, consensus 73c
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March 25, 2015
15:34 EDTLULUNotable companies reporting before tomorrow's open
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15:34 EDTLULUlululemon technical commentary ahead of results
The shares rebounded sharply at the end of last year but have paused in the last several weeks prior to earnings. The range of price has been bound by $60 at the low and $68 at the high. These bounds may help understand where price may go following earnings and outlook. If the news is positive, a first test of resistance would come at $64.96, the 50-day moving average. A breakout above the moving average would be a technical positive, with the 52-week high at $68.99 as next resistance. An extreme positive move on the upside could take shares to the $70 area. It was from that price point in December 2013 that the stock began its fall. If the news is bearish, support levels to watch below $60 would be at $58, $55.48, and $53.39.
12:30 EDTLULUEarnings Preview: Lululemon sees Q4 EPS 71c-73c on revenue $595M-$600M
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07:28 EDTLULUOptions expected to be active
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06:00 EDTLULUStocks with implied volatility above IV index mean; LULU BBRY
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March 24, 2015
08:26 EDTMMacy's says will keep investing in e-commerce, online security
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08:24 EDTMMacy's says store closings 'not really about Internet'
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07:27 EDTMTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
13:50 EDTLULUAnalysts take opposite sides on lululemon before Q4 report
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08:58 EDTLULUlululemon should be bought ahead of earnings on Thursday, says Cowen
Cowen said the risk/reward is good for lululemon ahead of its earnings report on Thursday and recommends buying shares ahead of the event. The firm cited improved product, controlled markdowns, and potential online traffic gains. Cowen reiterated its Outperform rating and $70 price target on lululemon shares.
07:42 EDTLULUlululemon subject to sharp pullback if momentum pauses, says Canaccord
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07:36 EDTLULUlululemon volatility elevated into Q4 and outlook
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March 19, 2015
07:16 EDTLULUlululemon volatility elevated into Q4 and outlook
lululemon March weekly call option implied volatility is at 74, April is at 46, June is at 38, September is at 36; compared to its 26-week average of 36 according to Track Data, suggesting large near term price movement into the expected release of Q4 on March 26.
07:04 EDTMAmerican Express confirms plans to launch Plenti loyalty program
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March 18, 2015
06:16 EDTMAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 13, 2015
08:18 EDTLULUlululemon could have over $3B in sales by 2017, says Barclays
Barclays believes lululemon could have over $3B in sales by 2017 and said the men's segment drives upside. The analyst believes upcoming guidance could be conservative and would use any weakness as a buying opportunity as it expects solid comps, lower input costs, and reduced markdowns to drive upside. Shares are Overweight rated.
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