LULU
Lululemon Athletica Inc.NASDAQ
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  • Thu, Dec. 8, 12:42 PM
    | Thu, Dec. 8, 12:42 PM
  • Thu, Dec. 8, 11:59 AM
    | Thu, Dec. 8, 11:59 AM
  • Thu, Dec. 8, 10:23 AM
    • Lululemon (NASDAQ:LULU) is back over $70 for the first time since early September as investors take heart after CEO Laurent Potdevin says the company is on track to hit $4B in revenue by 2021.
    • The retailer's sales were impressive during the key shopping days of Black Friday (+16%) and Cyber Monday (+29%) on what management says was a strong mix of full price selling.
    • Sports bras sales rose more than 20% during the quarter, according to Potdevin. He also noted that LULU has "fantastic innovation" regarding its bras on the way next year.
    • "We are impressed with the company’s ability to deliver both positive store comps and 16% eCommerce growth despite industry average traffic decline (in the mid-single digits)," observes Mizuho analyst Betty Chen.
    • Previously: Lululemon +11.5% on beat, buyback, and guidance boost (Dec. 7)
    • Previously: Analysts weigh in on Lululemon (Dec. 8)
    • Shares of LULU are +18.16% to $70.71.
    | Thu, Dec. 8, 10:23 AM | 1 Comment
  • Thu, Dec. 8, 9:18 AM
    | Thu, Dec. 8, 9:18 AM
  • Thu, Dec. 8, 7:22 AM
    • Lululemon (NASDAQ:LULU) soars after a strong Q3 report and positive comments from management on Thanksgiving weekend traffic and e-commerce momentum.
    • The company's scheduled store debut in China this month is also grabbing some attention from analysts.
    • Evercore lifts LULU to a Buy rating and assigns a $80 price target.
    • Mizuho moves the retailer to a Buy rating and $78 PT.
    • Bank of America Merrill Lynch upgrades to Buy with a $70 PT.
    • Stifel Nicolaus sticks with a Neutral rating and raises its PT to $67. The firm is still looking for "tanglible evidence" that new concepts and markets can sustain revenue growth.
    • Previously: Lululemon +11.5% on beat, buyback, and guidance boost (Dec. 7)
    • LULU +15.94% premarket to $69.28.
    | Thu, Dec. 8, 7:22 AM | 2 Comments
  • Wed, Dec. 7, 5:36 PM
    | Wed, Dec. 7, 5:36 PM | 4 Comments
  • Wed, Dec. 7, 4:15 PM
    • FQ3 adjusted EPS of $0.47 vs. $0.35 earned one year earlier, and topping estimates by $0.04.
    • Operating income of $93M up 36% Y/Y. Gross profit as a precent of revenue of 51.1% up from 46.9%.
    • Total comp sales - comp store sales plus direct to consumer - up 7% Y/Y. Comp store sales up 4%.
    • Cash and equivalents on hand at quarter's end of $480.4M vs. $403.4M a year earlier.
    • A $100M buyback program is approved.
    • CEO Laurent Potdevin: FQ4 started sluggishly, but has since improved.
    • FQ4 revenue guidance of $765M-$785M, with EPS of $0.96-$1.01. Full-year revenue of $2.32B-$2.34B, with adjusted EPS of $2.11-$2.16.
    • Conference call at 4:30 ET
    • Previously: Lululemon Athletica beats by $0.04, beats on revenue (Dec. 7)
    • LULU +11.5%
    | Wed, Dec. 7, 4:15 PM | 3 Comments
  • Wed, Dec. 7, 4:05 PM
    • Lululemon Athletica (NASDAQ:LULU): Q3 EPS of $0.47 beats by $0.04.
    • Revenue of $544.4M (+13.5% Y/Y) beats by $4.17M.
    • Shares +5.5%.
    • Press Release
    | Wed, Dec. 7, 4:05 PM | 4 Comments
  • Wed, Dec. 7, 12:45 PM
    • Lululemon (LULU +4.1%) trades strong in front of the company's Q3 earnings release due out later today.
    • Susquehanna thinks fears of an overly promotional Lululemon holiday quarter are unjustified. The firm also thinks margins may hold up for the retailer better than anticipated.
    • Earlier this week, Cowen issued a warning on LULU on concerns over November traffic.
    • Q3 consensus estimates on LULU: Revenue $540M, comparable sales growth +5.40% (constant currency), EPS $0.43.
    • Shares of Lululemon are at a two-month high.
    | Wed, Dec. 7, 12:45 PM | 3 Comments
  • Tue, Dec. 6, 5:35 PM
    | Tue, Dec. 6, 5:35 PM | 1 Comment
  • Tue, Dec. 6, 8:12 AM
    • Credit Suisse adds Planet Fitness (NYSE:PLNT) to its top picks (#2 - first pick remains Hanesbrands (NYSE:HBI)) in apparel & footwear, noting comp-store sale acceleration to high single digits.
    • Firm believes PLNT will deliver double-digit revenue growth and 20%+ EPS growth for several years.
    • Adds Coach (NYSE:COH) as #3 pick, noting stabilization in the core business and a possible acquisition narrative.
    • Says COH is best-positioned company in the affordableluxury accessory group.
    • CS dumps NKE ("we see better opportunities elsewhere") and LULU ("downgraded to Neutral") from top picks.
    | Tue, Dec. 6, 8:12 AM | 18 Comments
  • Fri, Dec. 2, 7:48 AM
    • Canaccord Genuity lowers Lululemon (NASDAQ:LULU) to a Sell rating after having the retailer set at Hold.
    • The price target on LULU is slashed by the firm to $44 from $65.
    • LULU -2.90% premarket to $54.89 vs. a 52-week trading range of $44.62 to $81.81.
    | Fri, Dec. 2, 7:48 AM | 2 Comments
  • Mon, Nov. 28, 8:33 AM
    • Black Friday weekend channel checks from investment firms are still pouring in. A few tidbits are posted below.
    • Wells Fargo: Lululemon (NASDAQ:LULU) was a traffic outperformer, while Calvin Klein (NYSE:PVH) and Carter's (NYSE:CRI) held the line on pricing amid a promotional atmosphere.
    • Wedbush: High-profile video games were discounted more than last year. Keep an eye out on GameStop (NYSE:GME), Activision Blizzard (NASDAQ:ATVI), Take-Two (NASDAQ:TTWO) and Electronic Arts (NASDAQ:EA).
    • Fung Global Retail & Technology: Shoes (FL, FINL) were identified as a hot seller, while jewelry (NYSE:SIG) sales were down.
    • Jefferies: Unexpected strength for the UGG brand (NASDAQ:DECK) and Gap was observed. Demand for Michael Kors (NYSE:KORS) and Coach (NYSE:COH) handbags appeared soft.
    • Previously: Black Friday wrap: Records fall, retail winners and losers (Nov. 25)
    • Source: Bloomberg.
    | Mon, Nov. 28, 8:33 AM | 3 Comments
  • Fri, Nov. 25, 11:57 AM
    • KeyBanc calls Amazon (AMZN -0.1%) and Wal-Mart (WMT +0.7%) early winners of the Black Friday shopping period based on channel checks.
    • The investment firm confirms other reports that mall traffic is light. Within the mall sector, Lululemon (LULU +0.2%), Victoria's Secret (NYSE:LB) and Gaps (GPS -1.4%) are called outperformers - while concerns are raised over Buckle (BKE +0.6%) and Vera Bradley (VRA +0.8%).
    • Cowen also sees Wal-Mart as a winner. Pink (LB) and American Eagle Outfitters (AEO +0.2%) are also doing wel, according to analyst Olivia Chen.
    • MKM Partners has an eye on margins. The combination of "virtually all" retailers offering broad discounts on store assortment and a low level of inventory heading into the shopping period is striking.
    • FBR Capital reiterates the broad theme that online sales are diluting Black Friday store traffic. Despite the overhang - Carter's (CRI +0.2%), Hanesbrands (HBI -0.3%), Chico's (CHS +0.7%) and Children's Place (PLCE +1.3%) are called out by FBR as standouts.
    • #BlackFriday
    | Fri, Nov. 25, 11:57 AM | 11 Comments
  • Wed, Nov. 16, 8:32 AM
    • Lululemon (NASDAQ:LULU) is on watch after Credit Suisse shifts to a Neutral rating on the athletic apparel seller after having it lined up at Outperform.
    • CS cites an increase in "markdown intensity" at stores, an alarming trend for Q4 margins. Other retail watchers have issued similar warnings on some elevated markdown activity in the athleisure category due to the increase in selling channels.
    • LULU -2.31% premarket to $55.50 vs. a 52-week trading range of $43.14 to $81.81.
    | Wed, Nov. 16, 8:32 AM | 2 Comments
  • Tue, Oct. 25, 8:56 AM
    • Shares of Lululemon (NASDAQ:LULU) are lower in early trading in what appears to be a reaction to Under Armour's earnings report and conference call commentary.
    • Under Armour CEO Kevin Plank said liquidations and promotions are impacting margins at UA, including in the key athleisure category.
    • LULU -3.02% premarket to $54.50. Nike is down 2.2% and UA is off more than 15%.
    | Tue, Oct. 25, 8:56 AM | 1 Comment