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June 22, 2014
14:01 EDTLULUlululemon founder talks to bankers as he considers options, WSJ says
Dennis "Chip" Wilson, the founder of lululemon, is working with bankers from Goldman Sachs to assess his options for "shaking up" the company board and gaining more influence over its operations, says the Wall Street Journal. Wilson has not made any decisions on his next move but possible options include selling his stake in the company or joining with a private-equity firm in a buyout, added the Wall Street Journal. Reference Link
News For LULU From The Last 14 Days
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April 27, 2015
09:44 EDTLULUlululemon Q1 sales estimate $427M vs. consensus of $418M at ITG Research
ITG Research's Q1 sales estimate for lululemon is $427M vs. consensus of $418M and constant dollar comp assumption is 3%-4% year-over-year vs. management guidance of low-single digits.
April 20, 2015
10:00 EDTLULUOn The Fly: Analyst Downgrade Summary
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08:55 EDTLULUlululemon downgraded at CLSA
As previously reported, CLSA downgraded lululemon to Underperform from Outperform. The firm downgraded shares due to valuation and maintained its $68 price target.
07:21 EDTLULU, LULUlululemon downgraded to Underperform from Outperform at CLSA
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