Favorable Press Coverage Somewhat Unlikely to Impact lululemon athletica (LULU) Stock Price
News stories about lululemon athletica (NASDAQ:LULU) have trended positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. lululemon athletica earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the apparel retailer an impact score of 46.765665560608 out of 100, meaning 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’s rankings:
- lululemon athletica, inc. :LULU-US: Earnings Analysis: Q3, 2018 By the Numbers : December 12, 2017 (finance.yahoo.com)
- Lululemon Raises Fiscal 2017 Guidance after 3Q17 Results (finance.yahoo.com)
- What Drove Lululemon’s 3Q17 Margins? (finance.yahoo.com)
- Lululemon’s (LULU) Raised FY17 View Spurs Holiday Spirit (finance.yahoo.com)
- Inside the Consumer Sector’s Earnings: Last Week and Now (finance.yahoo.com)
Shares of lululemon athletica (NASDAQ LULU) traded up $0.67 during midday trading on Tuesday, reaching $74.31. 1,749,936 shares of the company’s stock traded hands, compared to its average volume of 2,637,163. lululemon athletica has a 1-year low of $47.26 and a 1-year high of $74.99. The company has a market cap of $10,100.00, a price-to-earnings ratio of 32.50, a PEG ratio of 2.68 and a beta of 0.19.
lululemon athletica declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the apparel retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
Several brokerages have weighed in on LULU. Zacks Investment Research raised shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Monday. Jefferies Group reissued a “hold” rating on shares of lululemon athletica in a research report on Friday. Morgan Stanley reissued a “hold” rating and set a $69.00 price target on shares of lululemon athletica in a research report on Thursday, December 7th. KeyCorp reissued a “hold” rating on shares of lululemon athletica in a research report on Thursday, December 7th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $77.00 price target on shares of lululemon athletica in a research report on Friday. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $70.21.
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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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