D.A. Davidson released bearish commentary on Lululemon Athletica 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.
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