Stocks to Watch: Lululemon, Finisar, Target are stocks to watch
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp.
Lululemon Athletica
LULU,
is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance year-to-date, any sequential improvement in trends could provide a meaningful rebound for LULU; however, we are more inclined to favor a slow, sequential quarterly improvement throughout 2014,” analyst Matthew McClintock at Barclays said in a report published Tuesday.
Finisar
US:FNSR
is forecast to post fourth-quarter earnings of 38 cents a share.
After Wednesday’s closing bell, Target Corp.
TGT,
said its board hiked the retailer’s quarterly dividend by 21% to 52 cents a share. The dividend will be paid to shareholders of record on Aug. 20. Shares of Target were unchanged in after hours.
Restoration Hardware
RH,
late Wednesday reported it swung to first-quarter profit of $1.8 million from a loss of $161,000 a year ago. On a per-share basis, the upscale home furnishings retailer earned 4 cents a share. Adjusted earnings came in at 18 cents a share, ahead of analysts’ estimate of 11 cents a share. Shares of Restoration Hardware rallied 12% in extended trading.
C.R. Bard Inc.
US:BCR
said its board raised the quarterly dividend by 5% to 22 cents a share. The dividend will be paid Aug. 1 to shareholders of record on July 21. The medical products company will also buy back up to $500 million of its common shares. C.R. Bard shares were flat in after-hours trading.
