
Lululemon Athletica has updated its fourth-quarter guidance, now expecting revenue between $3.56 billion and $3.58 billion, an increase from its previous estimate of $3.475 billion to $3.510 billion. The company also revised its earnings per share (EPS) forecast to between $5.81 and $5.85, up from the prior range of $5.56 to $5.64. Following this announcement, Lululemon's stock experienced a notable increase, attributed to strong holiday sales indicating improving demand. Additionally, Glacier Bancorp, Inc. has announced its acquisition of Bank of Idaho Holding Co. in an all-stock deal valued at $52.97 per share, representing a 45% premium. This transaction was highlighted as a favorable outcome for Bank of Idaho, with a valuation at 20 times earnings and nearly double tangible book value. Raymond James has reiterated an 'Outperform' rating for both Glacier Bancorp and Lululemon, raising their price targets to $55 and $430, respectively.
$LULU Raymond James Reiterates Outperform on Lululemon Athletica, Raises Price Target to $430
$GBCI Raymond James Reiterates Outperform on Glacier Bancorp, Raises Price Target to $55
lululemon athletica Inc $LULU Deep Dive https://t.co/bdaMQnqmpv https://t.co/1dCqSGdMjA