Lululemon Athletica Inc. (LULU) - NASDAQ
  • Aug. 8, 2014, 9:00 AM
    • Retail analysts weigh in on Lululemon (NASDAQ:LULU) following co-founder Chip Wilson's decision to sell half his stake to Advent International.
    • Deutsche Bank sees a positive benefit as Advent grabs two board seats and some obstacles are removed from the proxy road.
    • Jefferies notes the stock sale doesn't change the fundamental risk to margin compression that exists at Lululemon.
    • Belus Capital Advisors thinks Lululemon still faces a major challenge with the growing encroachment of Under Armour into its key categories.
    • LULU +3.8% premarket.
    | Aug. 8, 2014, 9:00 AM | 2 Comments
  • Aug. 7, 2014, 6:34 PM
    • Lululemon (NASDAQ:LULU) founder Chip Wilson has agreed to sell half his 27.7% stake to P-E firm Advent International for $845M, thus avoiding a potential proxy war.
    • In addition, Advent managing partner David Mussafer and managing director Steven Collins will join Lululemon's board. Mussafer will also be named co-chairman; Michael Casey remains independent chairman.
    • Shares +6.1% AH.
    | Aug. 7, 2014, 6:34 PM | 6 Comments
  • Aug. 7, 2014, 5:36 PM
    | Aug. 7, 2014, 5:36 PM | 1 Comment
  • Aug. 6, 2014, 12:31 PM
    • Speculation on a Lululemon (LULU +3.7%) buyout is making the rounds again.
    • Shares are back over $40 for the first time in over three weeks off the buzz.
    • Though short interest on LULU is at a high level, Susquehanna Financial thinks a 2H rally could occur as the retailer rolls out more men's and girls lines.
    | Aug. 6, 2014, 12:31 PM
  • Jul. 31, 2014, 10:50 AM
    • Susquehanna sees momentum building at Lulelmon (LULU -1.1%).
    • The investment firm initiates coverage on the retailer with a Positive rating and rosy $49 price target.
    • Some of the recent bulls who have emerged on LULU are tacking on a takeover premium for the stock. Though it could be a long waiting game - V.F. Corp, Nike, and Gap have been bantered around as possible bidders.
    | Jul. 31, 2014, 10:50 AM
  • Jul. 24, 2014, 1:18 PM
    • Citi's Kate McShane and Corinna Van der Ghinst see a lot to like about UA's (UA +14.1%) Q2 results, and note management's guidance hike was the third time it's done so this year, and revenue and earnings growth in the high 20% range, is well above the 22-23% long-term target.
    • Management also noted increased confidence for the rest of the year based on stronger execution and visibility in H1, with new team sponsorships, ongoing international growth (Brazil sales launched in Q2), the company's first women's brand holiday in Q3, and growth in the digital fitness platform.
    • A look at other athletic-apparel companies finds Nike (NKE +1.3%) and Lululemon (LULU +4.3%) both with their tails in the air.
    • Previously: Under Armour up 6% after big quarter
    | Jul. 24, 2014, 1:18 PM | 1 Comment
  • Jun. 23, 2014, 8:25 AM
    • Shares of Lululemon (LULU) are active in the premarket session after founder Chip Wilson makes some noise about gaining more control of the company.
    • Wilson has been vocal about getting the company to return back to its roots of focusing on core product.
    • LULU +5.6% premarket to $42.50.
    | Jun. 23, 2014, 8:25 AM | 4 Comments
  • Jun. 23, 2014, 6:55 AM
    • Lululemon (LULU) founder Chip Wilson is in talks with Goldman Sachs over constructing a strategy to gain more control at the company, according to The Wall Street Journal.
    • Options for Wilson include starting a proxy fight to gain more board seats or finding a P-E partner for a buyout.
    • LULU +1.9% premarket
    | Jun. 23, 2014, 6:55 AM | 2 Comments
  • Jun. 18, 2014, 1:00 PM
    • Nike (NKE +0.7%) could be interested in making a bid for Lululemon (LULU +3.3%), according to retail analyst Jennifer Black. V.F. Corp and Adidas were lined up as possible suitors earlier.
    • Lululemon's portfolio of products would make a nice add-on to Nike's inventory and allow it to leverage its marketing machine.
    • CNN's Paul La Monica is going a different direction. He says a chase by Under Armour (UA -1%) for LULU makes sense.
    • Any potential bidder for the yoga apparel seller is likely to have to worry that Uniqlo (FRCOY) could come in with a late over-the-top offer.
    | Jun. 18, 2014, 1:00 PM | 13 Comments
  • Jun. 18, 2014, 8:41 AM
    • Shares of Lululemon (LULU) are higher in premarket trading off of a Bloomberg report indicating Adidas (ADDYY) or V.F. Corp (VFC) might be interested in buying the company out.
    • A 34% YTD decline in Lulu's share price has brought questions on fair valuation back to the forefront.
    • Though the forward P-E ratio on Lululemon hasn't been lower since 2009, missteps by management and new competition has taken some of the bloom off the rose.
    • LULU +1.2% premarket
    | Jun. 18, 2014, 8:41 AM | 2 Comments
  • Jun. 13, 2014, 7:36 AM
    • JPMorgan downgrades Lululemon (LULU) to a Neutral rating from Overweight following the retailer's Q1 report.
    • Soft guidance and the tone of Lululemon's conference call has added to an air of caution on the name.
    • Previous on LULU: earnings, details and guidance, conference call wrapup.
    | Jun. 13, 2014, 7:36 AM | 1 Comment
  • Jun. 12, 2014, 12:45 PM
    | Jun. 12, 2014, 12:45 PM
  • Jun. 12, 2014, 11:56 AM
    • Execs with Lululemon (LULU -14%) were on the defensive during the firm's FQ1 earnings call today.
    • CEO Laurent Potdevin says a boardroom fight with founder Chip Wilson is awkward, but not a distraction.
    • On store opening: Lululemon thinks by 2017 it will have 20 stores in Europe and Asia (outside of New Zealand and Australia). Square-footage growth of a mid-teens range is forecast.
    • On margins: The company sees its gross margin rate reaching 50% over the next few years and its operating margin rate drifting to the mid-20s range.
    • The early read for FQ2 is for improved store traffic, but a lower conversion rate.
    • Earnings call webcast
    | Jun. 12, 2014, 11:56 AM | 4 Comments
  • Jun. 12, 2014, 9:15 AM
    | Jun. 12, 2014, 9:15 AM | 2 Comments
  • Jun. 12, 2014, 6:53 AM
    • Lululemon (LULU) reports comparable-store sales increased 1% in FQ1 as the direct to consumer channel pulled up a negative comp at stores.
    • The company saw its gross profit rate improve 150 bps to 50.9% during the period.
    • Inventories decreased 4.7% Y/Y to $177M.
    • EPS guidance for FQ2 is $1.71-$1.78 vs. $1.89 consensus.
    • LULU -9.1% premarket
    | Jun. 12, 2014, 6:53 AM | 13 Comments
  • Jun. 12, 2014, 6:15 AM
    | Jun. 12, 2014, 6:15 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