Information Provided By:
Fly News Breaks for April 2, 2019
LULU
Apr 2, 2019 | 18:27 EDT
DA Davidson analyst John Morris warns that he sees "cautious signs ahead" for Lululemon as part of his broader research note called Davidson Datamining, which utilizes big data in tracking pricing and gross margins on Apparel Brands to make actionable stock calls. The analyst says the weakening of the company's average pricing thus far into spring suggests that its gross margin will be below the Street consensus for the quarter by 20bp. Morris adds that Lululemon's "average price trend has rolled over" and the "trend in its markdown depth and breadth has turned higher, indicating higher Y/Y promotional activity". The analyst is also keeping his Neutral rating on Lululemon.
News For LULU From the Last 2 Days
There are no results for your query LULU