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, +0.68% 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, +0.49% 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, -2.05% 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.