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Stock Market & Financial Investment News

News Breaks
March 26, 2014
12:29 EDTLULUEarnings Preview: lululemon reporting Q4 results after cutting outlook
Lululemon Athletica (LULU) is scheduled to report fourth quarter earnings before the market open on Thursday, March 27, with a conference call scheduled for 9:00 am ET. Lululemon is a designer and retailer of yoga-inspired apparel operating primarily in North America and Australia. EXPECTATIONS: Analysts are looking for earnings per share of 72c on revenue of $515.11M, according to First Call. The consensus range for EPS is 70c-73c on revenue of $508.1M-$521.44M. LAST QUARTER: Lululemon reported third quarter EPS of 45c against estimates for 41c on revenue of $379.9M against estimates for $376.2M; same-store sales increased 5% and direct-to-consumer revenue increased 37% to $62M. NEWS: In January, lululemon cut its Q4 outlook due to decelerating traffic, and said it had seen traffic and sales trends decelerate "meaningfully" in January. The company's updated Q4 guidance is EPS of 71c-78c on revenue of $513M-$518M vs. prior guidance of 78c-80c and $535M-$540M, respectively. The company forecast Q4 comparable sales in the negative low to mid single digits, below its previous guidance of flat comparable store sales on a constant basis. Lululemon commented that "At the end 2013, lululemon is starting to see the results of the significant investments it made throughout this past year to strengthen and enhance its back-of-house product operations structure. The company said it is confident that its new leadership will help build on this 'stronger foundation to execute our long-term growth strategies.'" At the ICR Xchange Conference in January, the company said it is taking next year "seriously" and plans to do everything it can to make conversation "more positive." Lone Pine Capital liquidated its stake in the company. STREET RESEARCH: According to TheStreet.com's Stephanie Link, lululemon has the potential to be a Wall Street "darling" once again as the many problems the company had last year are likely to be fixed with new management. Stifel expects lululemon's FY14 guidance to miss analysts' consensus estimates, but expects the company to return to positive comps by the second half of fiscal year 2014. The company said in a court filing related to a shareholder lawsuit that the company promptly addressed quality control problems with its luon pants as they became apparent and updated investors in real time. During the quarter, the stock's price target was lowered at Deustsche Bank, Credit Suisse and JPMorgan. Shares were upgraded at Oppenheimer and RBC Capital, and downgraded at Janney Capital and ISI Group. PRICE ACTION: Over the last three months, lululemon shares are down almost 18%. Year-to-date, shares are down about 17%. Ahead of tomorrow's earnings, shares are up over 2% in mid-day trading.
News For LULU From The Last 14 Days
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November 20, 2014
12:47 EDTLULUNike opens first women only store in CA, Bloomberg reports
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November 18, 2014
05:55 EDTLULUStocks with implied volatility above IV index mean; GME LULU
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November 17, 2014
06:05 EDTLULUStocks with implied volatility above IV index mean; GME LULU
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November 14, 2014
10:00 EDTLULUOn The Fly: Analyst Downgrade Summary
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09:16 EDTLULUOn The Fly: Pre-market Movers
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09:03 EDTLULUlululemon downgraded at Sterne Agee
As noted earlier, Sterne Agee downgraded lululemon to Neutral from Buy. The firm believes that the company's brand has been damaged, causing many customers to leave, while its competition has become stronger. Target $39.
08:54 EDTLULUlululemon down 2% to $44.14 in pre-market following Sterne Agee downgrade
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06:30 EDTLULUlululemon downgraded to Underperform from Neutral at Sterne Agee
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November 13, 2014
06:04 EDTLULUStocks with implied volatility above IV index mean; GME LULU
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November 12, 2014
13:31 EDTLULULululemon Athletica volatility elevated as shares trend higher
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November 10, 2014
09:46 EDTLULUBB&T remains positive on lululemon following channel checks
BB&T said it remains positive on lululemon following recent channel checks. The firm continues to expect lululemon's results to improve as the company improved product assortment and laps 2013 PR stumbles. BB&T views the hire of Duke Stump as EVP of Community and Brand as a a positive and views the controversy over the donation to the Dalai Lama Center as overblown. Shares are Buy rated with a $50 price target.
07:22 EDTLULUU.S. Retail Softlines sector downgraded to Negative at Barclays
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05:48 EDTLULUU.S. Retail Softlines industry cut to Negative at Barclays
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