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UPDATE: D.A. Davidson Downgrades Lululemon, See Lofty Earnings Expectations

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D.A. Davidson released bearish commentary on Lululemon Athletica (NASDAQ: LULU) early Thursday morning. The research firm downgraded Lululemon from from Buy to Neutral and cut the price target from $46 to $44.

Citing lofty has already in order to achieve FY2014 estimates.

Founder Chip Wilson's sale of half of his Lululemon ownership offers a level to downside support as boardroom turmoil settles down. Worries of a takeover attempt appear to have calmed now that Advent International, a private equity firm, owns 13.5 percent of Lululemon shares and has been able to add two Board seats since buying Wilson's stake.

  Estimate Period EPS Revenue
DA Davidson Q2 2014 $0.28 $375.1M
Consensus Estimate Q2 2014 $0.29 $376.8M

Shares of Lululemon are flat in Thursday's pre-market session at $41.50.

Latest Ratings for LULU

DateFirmActionFromTo
Sep 2019MaintainsOutperform
Sep 2019ReiteratesBuy
Sep 2019MaintainsEqual-Weight

View More Analyst Ratings for LULU
View the Latest Analyst Ratings

Posted-In: D.A. DavidsonAnalyst Color Downgrades Price Target Analyst Ratings

 

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