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Lululemon Athletica Inc Add to portfolio

COMP:LULU, Mar 28, 08:26 UTC

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Barstool's Dave Portnoy 'Got My Shirt Taken From Me' On Lululemon

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Lululemon Athletica Inc (NASDAQ: LULU) has an unhappy shareholder: Barstool Sports founder Dave Portnoy. Lululemon said, in conjunction with its fourth-quarter earnings report, it has to withdraw its financial guidance for the new year because of uncertainty brought on by the coronavirus. Rookie day-trader Portnoy said on Fox Business he bought a "ton" of shares, $3 million worth to be precise, prior to the earnings report. See Also: Dave Portnoy And Jim Cramer Talk Stock Market, Nordic American And More. But Portnoy seems unconcerned with his loss as he said he is "loaded -- at least I was before the market crashed."

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PreMarket Prep Stock Of The Day: Lululemon

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During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given day, the show will cover at least 20 stocks determined by co-hosts Joel Elconin and Dennis Dick along with producer Spencer Israel. For those who don't have the time to tune in live or listen to the podcast, Benzinga will highlight one stock that merits further discussion. In what has been a light week for earnings, there was one significant report from one of the nation's top retailers, Lululemon Athletica Inc (NASDAQ: LULU) after the close Thursday. It was an all-around solid report, with Lululemon posting a fourth-quarter EPS beat of 4 cents along with a slight sales beat.

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Thursday, March 26


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Preview: Lululemon Athletica's Q4 Earnings

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On Thursday, March 26, Lululemon Athletica (NASDAQ: LULU) will release its latest earnings report. Based on management's projections, Lululemon Athletica analysts model for earnings of $2.24 per share on sales of $1.38 billion. Lululemon Athletica reported a profit of $1.85 when it published results during the same quarter last year. Sales in that period totaled $1.17 billion. If the company were to match the consensus estimate, earnings would be up 21.08%.

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Wednesday, March 25


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Lululemon share price: what to expect in Q4 earnings?

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Lululemon’s [LULU] share price has been lagging in the lead up to its Q4 results as the ongoing coronavirus epidemic dampens sales. Despite reporting strong numbers over the past year, the recent impact of the pandemic is likely to add pressure to the activewear company’s figures for Q4 - as well as on the company’s share price -, which it is due to report on 26 March. With the help of a growing men’s department — which grew its revenue by 38% in Q3 — Lululemon has been looking to take on the likes of Nike [NKE] and Under Armour [UA]. Writing for InvestorPlace, Matt McCall suggests that investors are perhaps looking too closely at the short-term hit the company will take from the coronavirus and recent economic downturn. As he explains, even if Lululemon couldn’t generate revenue for an entire year — which is highly unlikely — it would lose around $2.5bn.

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Friday, March 20


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Why Shares of Lululemon Athletica Are Stretching Upward Today

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Shares of upscale yogawear retailer lululemon athletica (NASDAQ: LULU) were rising on Friday, after a Citigroup analyst upgraded the stock and said that Lululemon is likely to do well once the coronavirus pandemic fades. As of noon EDT, Lululemon's shares were up about 11.2% from Thursday's closing price. So what. Lejuez called Lululemon a "stand out" among battered retail stocks, with a "rock solid" balance sheet and a compelling long-term growth story that remains intact. Lululemon said on Sunday that it is closing all of its stores in North America through at least March 27, in response to "social distancing" measures recommended by health authorities to slow the spread of the COVID-19 virus. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Lululemon Athletica wasn't one of them!

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Thursday, March 12


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Why Shares of Lululemon Athletica Are Down Sharply Today

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Shares of lululemon athletica(NASDAQ: LULU) were down sharply on Thursday afternoon as concerns about the growing virus pandemic drove a broad-based market sell-off. As of 1 p.m. EST, Lululemon's shares were down about 7.6% from Wednesday's closing price. So what. Upscale yoga wear specialist Lululemon has a significant online business, but it's still a brick-and-mortar retailer with over 450 stores around the world. As with other retailers, investors in Lululemon are concerned that efforts to slow the spread of the COVID-19 virus via "social distancing" seem likely to put a heavy damper on retail foot traffic. In a note on Wednesday, Morgan Stanley analysts led by Kimberly Greenberger said U.S. retail traffic fell 9.1% last week, while luxury retail traffic fell 14.7%. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Lululemon Athletica wasn't one of them!

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Wednesday, March 11


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Hedge Funds Aren’t Crazy About Lululemon Athletica inc. (LULU) Anymore

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On February 27th we published this article and predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 41 percentage points since March 2017 (see the details here). Navellier & Associates is also relatively very bullish on the stock, dishing out 2.3 percent of its 13F equity portfolio to LULU. Since Lululemon Athletica inc. (NASDAQ:LULU) has faced a decline in interest from hedge fund managers, it's safe to say that there was a specific group of hedge funds that slashed their entire stakes by the end of the third quarter.

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Sunday, February 23


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Lululemon stores in China mostly closed due to novel coronavirus outbreak

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Lululemon stores in China mostly closed due to novel coronavirus outbreak | CFJC Today | Kamloops, British Columbia. Amer Sports Canada Inc., which owns the Salomon, Arc’teryx and other brands, owns nearly 50 stores in China across its various brands, spokesperson Bethan Williams wrote in an email earlier this month. “Some of the stores are closed due to the closure of shopping malls, and most of them are having to shorten their business hours due to low traffic and instructions from the government,” Williams wrote, adding online sales haven’t seen much of an impact. Indigo Books & Music Inc., which makes some of its products in China, has said that some of its new products will be delayed due to the outbreak. For many companies, including Lululemon, China is a major market for expansion.

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Friday, February 21


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Lululemon Among Companies Hardest Hit by Coronavirus in China

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Lululemon Among Companies Hardest Hit by Coronavirus in China | NASDAQ. Nike, Adidas, Burberry, and Ralph Lauren -- these are just a few of the apparel and footwear brands that have reported closing many, and in some cases, most of their stores in China in response to the coronavirus that causes COVID-19. And now you can add lululemon athletica(NASDAQ: LULU) to the list. This morning in an update on its operations in China, where it operates 38 retail outlets, yogawear specialist Lululemon announced that the "majority" of its stores in China not only are now closed, but in fact have been closed since Feb. 3, 2020, and other stores are operating on a reduced schedule. It stands to reason that a goodly portion of the 60% sales growth Lulu has enjoyed over that period came from China -- and with the "majority" of those Chinese stores now closed, that growth is going to disappear, at least temporarily. As of 2:30 p.m. EST, Lululemon stock was down 3.5%.

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Lululemon stores in China mostly closed due to novel coronavirus outbreak

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“We’re inspired by the resilience and commitment of our team in China as we navigate the emerging impacts of the coronavirus,” chief executive Calvin McDonald said in a statement Friday. Most of the Vancouver-based company’s 38 stores in China have been closed since Feb. 3 in accordance with Chinese guidance. Some are now operating on a reduced schedule, while the company’s online business continues to operate. “Some of the stores are closed due to the closure of shopping malls, and most of them are having to shorten their business hours due to low traffic and instructions from the government,” Williams wrote, adding online sales haven’t seen much of an impact. Indigo Books & Music Inc., which makes some of its products in China, has said that some of its new products will be delayed due to the outbreak. For many companies, including Lululemon, China is a major market for expansion.

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