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News Breaks | | | | January 15, 2013 | | 10:21 EDT |  | LULU | Analysts remain upbeat after lululemon falls on revenue miss
Athletic apparel maker lululemon (LULU) is sinking after the company last night estimated that its fourth quarter earnings per share, or EPS, would be 74c. The company had previously provided fourth quarter EPS guidance of 71c-73c, but analysts' consensus estimate was already at 74c. Meanwhile, lululemon estimated that its fourth quarter revenue was at the high end of its previous guidance range of $475M-$480M, but analysts were looking for the company to report revenue of $489M. Several analysts recommended buying lululemon's stock today. In a note to investors, Canaccord Genuity analyst Camilo Lyon recommended accumulating the shares, as he believes that demand for the company's products haven't dropped at all. Moreover, he noted lululemon reported that its profit margins were higher than expected, while it did not include gift card sales in its fourth quarter results, suggesting that the company may be poised to report solid first quarter results. Lyon still expects lululemon's comparative sales growth to accelerate. Similarly, William Blair analyst Sharon Zackfia recommends buying the stock on today's weakness as she believes that the company's sales trends are still healthy, and predicts that its annual sales can eventually reach $5B, up from $1.4B in 2012. In mid-morning trading, lululemon retreated $5.28, or 7.30%, to $67.02. | |
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News For LULU From The Last 14 Days Check below for free stories on LULU the last two weeks. |
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| May 8, 2013 | | 10:56 EDT |  | LULU | Lululemon Athletica volatility at low end of historic range
 Subscribe for More Information | | | 10:40 EDT | | LULU | Salesforce.com, Yelp rumored as potential Sohn short mentions, Kass says
Subscribe for More Information | | | 10:00 EDT |  | LULU | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ametek (AME) upgraded to Buy from Neutral at Citigroup... IAMGOLD (IAG) upgraded to Buy from Hold at Canaccord... Lowe's (LOW) upgraded to Buy from Neutral at ISI Group... lululemon (LULU) upgraded to Buy from Neutral at Sterne Agee... Myriad Genetics (MYGN) upgraded to Buy from Neutral at Mizuho... Orion Marine (ORN) upgraded to Outperform from Market Perform at FBR Capital... Trex Company (TREX) upgraded to Buy from Hold at BB&T... U.S. Auto Parts (PRTS) upgraded to Buy from Neutral at Roth Capital... Electronic Arts (EA) upgraded to Neutral from Sell at Monness Crespi... Electro Scientific (ESIO) upgraded to Buy from Hold at Noble Financial... Darling (DAR) upgraded to Buy from Hold at Maxim... J.C. Penney (JCP) upgraded to Hold from Sell at Maxim... Louisiana-Pacific (LPX) upgraded to Neutral from Underperform at DA Davidson... Grupo Televisa (TV) upgraded to Overweight from Equal Weight at Morgan Stanley... Marathon Oil (MRO) upgraded to Outperform from Neutral at Macquarie... Sibanye Gold (SBGL) upgraded to Overweight from Neutral at JPMorgan... Carrols Restaurant (TAST) upgraded to Strong Buy from Outperform at Raymond James. | | | 08:10 EDT | | LULU | lululemon upgraded at Sterne Agee
Subscribe for More Information | | | 06:47 EDT | | LULU | lululemon upgraded to Buy from Neutral at Sterne Agee
Price target is $90. | | | May 7, 2013 | | 10:00 EDT |  | LULU | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 06:15 EDT | | LULU | lululemon initiated with a Market Perform at Wells Fargo
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