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LULU

Lululemon

$142.50

-1.34 (-0.93%)

09:46
03/25/19
03/25
09:46
03/25/19
09:46

MKM lowers Lululemon Q1 comp estimate to 7% from 11% after survey

MKM Partners analyst Roxanne Meyer says that while her firm's latest proprietary survey, in collaboration with Wendy Farina and the Quantitative Survey Group, points to "still robust trends" for Lululemon Athletica, it shows a "modest slowdown" in women's and in Canada versus the last several quarters. This isn't completely surprising given tough compares and the industry backdrop, however, Meyer tells investors in a research note. On the company's 2019 outlook, the analyst continues to assume high-teens percentage sales growth is achievable, though she sees "uncertainty around the level and types of investments deemed critical to support ongoing robust growth." Following the survey, Meyer lowered his Q1 comp estimate for Lululemon to 7% from 11% and earnings per share estimate to 65c from 68c. She keeps a Buy rating on the stock with a $179 price target. Lululemon in early trading is up 32c to $143.53.

  • 27

    Mar

LULU Lululemon
$142.50

-1.34 (-0.93%)

03/22/19
WEDB
03/22/19
DOWNGRADE
WEDB
Neutral
Lululemon downgraded to Neutral from Outperform at Wedbush
03/22/19
WEDB
03/22/19
DOWNGRADE
Target $155
WEDB
Neutral
Lululemon downgraded to Neutral from Outperform at Wedbush
Wedbush analyst Jen Redding downgraded lululemon to Neutral from Outperform and lowered her price target to $155 from $176. In a research note to investors, Redding says that while she continues to see lululemon as best in class among specialty retailers, she is moving to the sidelines in anticipation of potentially less margin upside ahead, based on insights from proprietary data products. She sees measured guidance as likely, as a turbulent February likely hits lululemon just as hard as the rest of retail, which may be taken less positively by investors given the notable growth metrics and margin expansion the retailer has typically posted in recent quarters.
03/22/19
03/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PPG (PPG) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying PPG shares have been drifting higher in 2019 as the market continues to prefer higher quality and less cyclical materials companies, however general economic business conditions are "arguably weaker than they have been because of decreased rates of economic growth in China and in Europe." 2. Sherwin-Williams (SHW) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. 3. Booking Holdings (BKNG) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman stating that he believes the company's dominant position in Europe will be favorable in the long term, but is likely to represent a liability in 2019 as it is could amplify risks of earnings revisions and multiple compression. 4. Biogen (BIIB) downgraded to Underweight from Overweight at Morgan Stanley with analyst Matthew Harrison citing the failure of two Alzheimer's disease trials and noting that his optimism on Alzheimer's was "completely wrong." 5. Lululemon (LULU) downgraded to Neutral from Outperform at Wedbush with analyst Jen Redding saying that while she continues to see lululemon as best in class among specialty retailers, she is moving to the sidelines in anticipation of potentially less margin upside ahead, based on insights from proprietary data products. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ABR

Arbor Realty

$14.78

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STRM

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NLOK

NortonLifeLock

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-0.02 (-0.08%)

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Intel

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INTC

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AVGO

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TGTX

TG Therapeutics

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2.17 (30.52%)

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  • 09

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NTNX

Nutanix

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SFIX

Stitch Fix

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MDB

MongoDB

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PHR

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CDMO

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0.05 (0.86%)

MTN

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TOL

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0.515 (1.26%)

EQ

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SUPN

Supernus

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A

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HEPA

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ROAD

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CASY

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CHWY

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LVGO

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BLUE

Bluebird Bio

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-2.79 (-3.51%)

, BMY

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BMY

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  • 09

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BA

Boeing

$351.25

-2.74 (-0.77%)

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  • 10

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OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

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  • 09

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OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

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  • 09

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EDIT

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MSB

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, CLF

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FFBC

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GPRE

Green Plains

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MDT

Medtronic

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  • 18

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VAC

Marriott Vacations

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FSLY

Fastly

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  • 09

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SFIX

Stitch Fix

$25.17

1.04 (4.31%)

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  • 09

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F

Ford

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  • 09

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VEEV

Veeva

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  • 11

    Dec

BLDR

Builders FirstSource

$25.71

0.45 (1.78%)

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  • 19

    Dec

S

Sprint

$5.40

-0.145 (-2.62%)

, TMUS

T-Mobile

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Judge seeks speedy trial over T-Mobile, Sprint deal, WSJ reports »

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Sprint

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TMUS

T-Mobile

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  • 09

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WEN

Wendy's

$21.72

0.15 (0.70%)

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  • 11

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BANX

StoneCastle

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0.25 (1.10%)

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AIZ

Assurant

$130.91

-0.66 (-0.50%)

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