News headlines about Lululemon Athletica (NASDAQ:LULU) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lululemon Athletica earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the apparel retailer an impact score of 46.6780956075131 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
Shares of Lululemon Athletica (NASDAQ LULU) traded down $0.30 during trading on Thursday, hitting $80.92. The stock had a trading volume of 2,870,000 shares, compared to its average volume of 1,740,000. The firm has a market cap of $10,950.00, a PE ratio of 40.26, a P/E/G ratio of 1.98 and a beta of 0.26. Lululemon Athletica has a fifty-two week low of $47.26 and a fifty-two week high of $83.31.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. equities research analysts expect that Lululemon Athletica will post 2.53 earnings per share for the current year.
Lululemon Athletica announced that its board has approved a stock buyback plan on Wednesday, December 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the apparel retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
A number of research firms have recently commented on LULU. BidaskClub upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Deutsche Bank raised their target price on Lululemon Athletica from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. B. Riley restated a “hold” rating and set a $70.00 target price on shares of Lululemon Athletica in a research report on Tuesday, January 9th. MKM Partners raised their target price on Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Barclays restated a “buy” rating and set a $95.00 target price on shares of Lululemon Athletica in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $73.95.
In other news, major shareholder Dennis J. Wilson sold 722,134 shares of Lululemon Athletica stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $77.47, for a total transaction of $55,943,720.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by insiders.
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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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