Media headlines about Lululemon Athletica (NASDAQ:LULU) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lululemon Athletica earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the apparel retailer an impact score of 46.8653220867872 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Several brokerages have issued reports on LULU. Zacks Investment Research downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. BidaskClub upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Credit Suisse Group began coverage on Lululemon Athletica in a research report on Monday, March 12th. They issued an “outperform” rating and a $96.00 price objective for the company. Deutsche Bank lifted their price objective on Lululemon Athletica from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, B. Riley reiterated a “hold” rating and issued a $70.00 price objective on shares of Lululemon Athletica in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $75.03.
Shares of Lululemon Athletica stock traded down $0.48 during trading on Monday, hitting $80.28. The company had a trading volume of 1,144,090 shares, compared to its average volume of 1,665,077. Lululemon Athletica has a twelve month low of $47.26 and a twelve month high of $83.98. The firm has a market capitalization of $10,933.21, a PE ratio of 39.94, a PEG ratio of 2.07 and a beta of 0.22.
Lululemon Athletica announced that its Board of Directors has approved a share repurchase program on Wednesday, December 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, major shareholder Dennis J. Wilson sold 722,134 shares of Lululemon Athletica stock in a transaction on Monday, February 12th. The stock was sold at an average price of $77.47, for a total transaction of $55,943,720.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by insiders.
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Lululemon Athletica Company Profile
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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