News stories about Lululemon Athletica (NASDAQ:LULU) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lululemon Athletica earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the apparel retailer an impact score of 48.8416500213306 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Lululemon Athletica (NASDAQ LULU) traded up $1.22 during trading on Wednesday, hitting $77.92. 1,254,617 shares of the stock traded hands, compared to its average volume of 2,030,000. The company has a market capitalization of $10,550.00, a PE ratio of 38.77, a P/E/G ratio of 2.43 and a beta of 0.19. Lululemon Athletica has a 52-week low of $47.26 and a 52-week high of $81.92.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. The firm had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. sell-side analysts expect that Lululemon Athletica will post 2.52 earnings per share for the current year.
Lululemon Athletica announced that its board has initiated a stock repurchase plan on Wednesday, December 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the apparel retailer to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Several brokerages recently commented on LULU. B. Riley reissued a “neutral” rating on shares of Lululemon Athletica in a research report on Wednesday, November 1st. BidaskClub downgraded shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. Canaccord Genuity set a $75.00 price objective on shares of Lululemon Athletica and gave the company a “hold” rating in a research report on Sunday, January 7th. Stifel Nicolaus reissued a “hold” rating on shares of Lululemon Athletica in a research report on Tuesday, January 9th. Finally, Needham & Company LLC increased their price objective on shares of Lululemon Athletica from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $72.95.
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About Lululemon Athletica
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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