Lululemon Athletica Inc. (LULU) - NASDAQ
  • Thu, Jul. 14, 7:58 AM
    • Wells Fargo backs its positive view on Lululemon (NASDAQ:LULU) after sitting down with the retailer's management team.
    • The investment firm cites an increased level of confidence in key initiatives at Lululemon, including supply chain and merchandising strategy.
    • Shares of LULU are rated at Outperform by Wells and tagged with a price target range of $84 to $86 vs. yesterday's close of $76.81.
    • Lululemon isn't due to report earnings again until early September.
    | Thu, Jul. 14, 7:58 AM
  • Wed, Jun. 8, 2:45 PM
    • Lululemon (LULU +5.4%) investors say what's a penny between friends as the company's Q1 EPS miss is largely ignored. Three quotes that explain the Lululemon rally are below.
    • "What matters is brand demand remains strong, gross margin recovery is on track and inventories are now in line," observes Jefferies analyst Randal Konik about the report.
    • "In terms of the key metrics we were looking for in the quarter, we got everything we wanted and then some," adds Guggenheim's Howard Tubin.
    • "We finished the quarter with our inventory levels rebalanced and on track to achieve our goals for the year," notes Lululemon CEO Laurent Potdevin.
    • Under Armour (UA +3.8%) and Columbia Sportswear (COLM +2.9%) are both higher on the day after the positive read from Lululemon on pricing and promotional activity.
    • Previously: Lululemon Athletica down post Q1 results (June 8)
    • Previously: Lululemon spells out the ABCs of men's fashion strategy (June 8)
    | Wed, Jun. 8, 2:45 PM
  • Wed, Jun. 8, 9:28 AM
    • Lululemon (NASDAQ:LULU) is higher in early action, despite an outlook that came in behind expectations.
    • "In terms of the key metrics we were looking for in the quarter, we got everything we wanted, and then some," notes Guggenheim's Howard Turbin. He points to a strong reaction from consumers to Lululemon's merchandise assortment.
    • Other retail watchers are pointing to the +21% comp in the men's category. Early into the conference call, Lululemon CEO Laurent Potdevin pointed to the firm's ABC technology which gives it an advantage of the men's pants category. On its website, Lululemon isn't shy about spelling out ABC as "anti-ball crushing" fashion designed to allow the "freedom" to move.
    • Previously: Lululemon Athletica misses by $0.01, beats on revenue (June 8)
    • Previously: Lululemon Athletica down post Q1 results (June 8)
    • LULU +2.00% premarket to $69.50 after being in negative territory earlier. Shares are very close to the 52-week high of $69.73.
    | Wed, Jun. 8, 9:28 AM
  • Wed, Jun. 8, 6:30 AM
    • Lululemon (NASDAQ:LULU) reports comparable-store sales rose 3% (+5% on a constant dollar basis) in Q1.
    • Direct to consumer revenue grew 17.6% to $97.6M (+18% on a constant dollar basis).
    • Gross profit rate squeezed 300 bps to 48.3%.
    • SG&A expenses rate increased 410 bps to 36.6%.
    • Operating income rate decreased 450 bps to 11.6%.
    • Inventory expanded 21% Y/Y to $286.23M.
    • Store count +10 Q/Q to 373.
    • Q2 Guidance: Net revenue: $505M to $515M; Total comparable sales: mid-single digits (on a constant dollar basis); Tax rate: 30.2%; Diluted EPS: $0.36 to $0.38; Diluted weighted-average shares outstanding: 137.5M.
    • FY2016 Guidance: Net revenue: $2.305B to $2.345B; Total comparable sales: mid-single digits (on a constant dollar basis); Tax rate: 28.9%; Diluted EPS: $2.08 to $2.18; Normalized EPS: $2.05 to $2.15; Diluted weighted-average shares outstanding: 137.5M.
    • LULU -2.96% premarket.
    | Wed, Jun. 8, 6:30 AM | 9 Comments
  • Wed, Jun. 8, 6:02 AM
    • Lululemon Athletica (NASDAQ:LULU): Q1 EPS of $0.30 misses by $0.01.
    • Revenue of $495.5M (+17.0% Y/Y) beats by $7.78M.
    • Press Release
    | Wed, Jun. 8, 6:02 AM | 1 Comment
  • Tue, Jun. 7, 5:30 PM
    | Tue, Jun. 7, 5:30 PM | 3 Comments
  • Thu, Jun. 2, 11:13 AM
    • Lululemon (LULU +0.1%) founder Chip Wilson was vocal this week on his view of the company even though he was denied a chance to talk at the annual meeting today.
    • Wilson sent a letter to shareholders calling on Lululemon to declassify the board so that the entire slate is open to be replaced.
    • He also criticized the retailer for giving up market share to Nike and Under Armour in a category it created.
    • Wilson still owns about 15% of Lululemon.
    • Wilson's letter to shareholders
    | Thu, Jun. 2, 11:13 AM | 2 Comments
  • Mon, May 16, 10:07 AM
    • Lululemon (LULU -1.2%) is under pressure after Bank of America Merrill Lynch resumes its Underperform rating in a fresh note to investors.
    • BAML sets a price target of $50 which isn't the Street low (FBR $40), but is well off the $80 target seen by Oppenheimer.
    • SA contributor Alpha Investments took the long view on Lululemon last month in an article which highlighted the international expansion potential for the athleisure force.
    • Shares of Lululemon have outperformed the S&P Retail ETF by a wide margin this year with a 15% gain vs. the 5% loss for the broad retail measure.
    | Mon, May 16, 10:07 AM | 1 Comment
  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 38 Comments
  • Wed, Apr. 20, 8:12 AM
    • Lululemon (NASDAQ:LULU) appoints Jon McNeill to its board of directors, effective immediately.
    • McNeill is the president of global sales, delivery and service for Tesla Motors.
    • The exec has an extended track record in retail and has also founded a number of firms.
    • Now read Lululemon Is A Good Value And A Must Buy
    | Wed, Apr. 20, 8:12 AM
  • Thu, Apr. 14, 1:00 PM
    • Lululemon (LULU +1.6%) tracks higher with a positive note from Ladenburg Thalmann adding some support.
    • The investment firms leans on a technical argument in suggesting that shares are a good buy at current levels. The analysts team also notes that momentum indicators are moving in the right direction for LULU.
    • Earlier this month, shares reached a 52-week high of $69.73.
    • Now read Lululemon Is A Good Value And A Must Buy
    | Thu, Apr. 14, 1:00 PM
  • Fri, Apr. 8, 10:17 AM
    • Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
    • There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
    • Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
    • Now read Sell Your Apparel Stocks 
    | Fri, Apr. 8, 10:17 AM
  • Thu, Apr. 7, 11:39 AM
    • Lululemon (LULU -1.2%expanded its lab concept to New York City with a large store in the SoHo neighborhood.
    • The company plans to use the site to test new designs and ideas with consumers. The original Lululemon Lab in Vancover is well-known for some its collaborations.
    • Shares of Lululemon are up 24% YTD, but have unable to crack the $70 level.
    • Now read Lululemon Earnings Update
    | Thu, Apr. 7, 11:39 AM
  • Mon, Apr. 4, 10:47 AM
    • Shares of Lululemon (LULU +1%) are very close to trading in the $70s for the first time in almost year as post-earnings sentiment remains favorable.
    • Earieir today. Morgan Stanely backed its Overweight rating in a fresh note to investors, while JPMorgan raised its prIce target up to $75. The Strett-high PT is $80 from Oppenheimer.
    • Now read Lululemon Athletica: A Strong Mission Can Overcome Adversity
    | Mon, Apr. 4, 10:47 AM | 1 Comment
  • Wed, Mar. 30, 9:30 AM
    • Execs with Lululemon (NASDAQ:LULU) are saying all the right things early into the post-earnings conference call (Q&A still coming).
    • The company says it's placing a sharper focus on digital channels and international expansion. Those investments explain in part the 2016 guidance from the company that came in below expectations.
    • Incremental markdowns helped Lululemon clear inventory in Q4. Looking ahead, management says it's confident inventory and sales level are now in sync. Q1 is expected to be the last period in which inventory overhang will have to be managed.
    • Previously: Lululemon Athletica beats by $0.05, beats on revenue (March 30)
    • Previously: Lululemon solid in Q4, guidance comes in behind expectations (March 30)
    • LULU +7.61% premarket to $65.90 after being in negative territory earlier.
    | Wed, Mar. 30, 9:30 AM | 16 Comments
  • Wed, Mar. 30, 9:21 AM
    | Wed, Mar. 30, 9:21 AM
Company Description
Lululemon Athletica, Inc. designs and retails athletic apparels primarily in North America and Australia. It offers a comprehensive line of apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, running and general fitness. The... More
Industry: Textile - Apparel Clothing
Country: Canada