Seeking Alpha

Sterne Agee thinks Lululemon is ripping apart at the seams

  • Sterne Agee takes a harsh view of Lululemon (LULU), downgrading the retailer to Underperform from Neutral and slashing its price target to $56.
  • The investment firm says channel checks indicate a risk that core LULU customers have been alienated and thinks same-store sales could decelerate in 2014.
  • LULU -2.7% premarket.
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Comments (7)
  • lorneb
    , contributor
    Comments (200) | Send Message
     
    Just another opinion based on assumption with no factual evidence presented to back it up.
    14 Nov 2013, 08:06 AM Reply Like
  • PeakOiler
    , contributor
    Comments (298) | Send Message
     
    "The investment firm says channel checks indicate a risk" - them's facts, lorneb. Google 'channel checks'.
    14 Nov 2013, 09:05 AM Reply Like
  • lorneb
    , contributor
    Comments (200) | Send Message
     
    PeakOiler,
    Definition of 'Channel Check' (According to
    Investopedia, among others) "A method of independent stock analysis whereby company information is supplied by third parties. Channel checks are most often conversations or personal research done by researchers or third-party information providers with direct managers of businesses within a certain sector or industry. Channel checks are thought of as getting the information "straight from the horse's mouth.""

     

    Conclusions based on conversations does not constitute fact.
    Have you read the whole Sterne Agee article or just the above noted brief summation?
    14 Nov 2013, 10:11 AM Reply Like
  • Philip Saglimbeni
    , contributor
    Comments (488) | Send Message
     
    Good news for Under Armour, $UA, the far superior brand and company.
    14 Nov 2013, 10:26 AM Reply Like
  • bsharks26
    , contributor
    Comments (195) | Send Message
     
    More bears to make a name for themselves
    14 Nov 2013, 11:10 AM Reply Like
  • Milobc
    , contributor
    Comments (4) | Send Message
     
    As a holder of Lulu stock as well as a customer I would just like to make a quick comment. I am 65, very active doing yoga and road biking a few times a week. I purchase and wear Lulu clothing as well as their underwear because I have tried all the other major brands that produce high performance athletic wear and none of them match the quality of Lululemon, I challenge all the men reading this to purchase just 1 pair of Lulu underwear. You will never buy another brand again. Lulu is a strong company with hundreds of young intelligent and very creative people working for it. It is only going to grow!
    14 Nov 2013, 01:07 PM Reply Like
  • cyberexplorer
    , contributor
    Comments (8) | Send Message
     
    I just thought comment from Wilson was insensitive and unsupportive at a time like this - far too many issues happened during 2013, but I am still a customer and investor. Who said about customer alienation. I was in a store last week, but traffic did not slow down!
    17 Nov 2013, 12:56 AM Reply Like
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