Baird Adjusts Lululemon Athletica's Price Target to $485 From $480, Maintains Outperform Rating
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Lululemon Price Target Raised to $445.00/Share From $430.00 by Telsey Advisory Group
Goldman Sachs released insights on Earnings Reports for the US retail and Dining Industry: overall revenue exceeded expectations, seeking new opportunities amidst differentiation.
On the eve of the ICR (Investor) conference, the Retail and Dining Industry updated its Earnings Reports guidance. Goldman Sachs stated that the overall revenue of the industry exceeded expectations, but after the trend diverged, the pattern of winners and losers remains clear.
US retailers are optimistic about the performance of the holiday shopping season, but Wall Street questions the sustainability of the growth.
Lululemon and American Eagle both raised their sales expectations for the holiday shopping season, but their stock prices fell; Abercrombie & Fitch also raised its performance expectations, but the increase was minor, leading to a dive in its stock price.
Many well-known retailers have announced their early holiday season sales, most of which exceeded expectations, but Wall Street is not buying it.
After seeing strong consumer purchases during the important holiday season, companies such as Lululemon, Abercrombie & Fitch, and American Eagle have raised their fourth-quarter performance expectations. Urban Outfitters also achieved strong holiday season growth, but Macy's indicated that its performance in the crucial quarter fell short of expectations.