News stories about Lululemon Athletica (NASDAQ:LULU) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lululemon Athletica earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the apparel retailer an impact score of 46.1498716991899 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Lululemon Athletica inc. (LULU) Expected to Post Quarterly Sales of $913.06 Million (americanbankingnews.com)
- Can Hibbett’s (HIBB) Strategic Endeavors Aid Q4 Earnings? (msn.com)
- Investors watching Technical Indicators on Lululemon Athletica Inc. (LULU) – Wall Street Morning (wallstreetmorning.com)
- lululemon athletica inc. Announces Fourth Quarter and Full Year Fiscal 2017 Earnings Conference Call – Business Wire (press release) (businesswire.com)
Shares of Lululemon Athletica (LULU) traded up $0.95 during trading on Wednesday, hitting $80.75. The stock had a trading volume of 2,110,510 shares, compared to its average volume of 1,697,728. The firm has a market capitalization of $10,875.00, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.22. Lululemon Athletica has a twelve month low of $47.26 and a twelve month high of $83.98.
A number of brokerages have issued reports on LULU. Credit Suisse Group started coverage on Lululemon Athletica in a research note on Monday. They issued an “outperform” rating and a $96.00 price target on the stock. Zacks Investment Research lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BidaskClub lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Oppenheimer reissued an “outperform” rating and set a $88.00 price target on shares of Lululemon Athletica in a research report on Tuesday, February 6th. Finally, Canaccord Genuity set a $75.00 price target on Lululemon Athletica and gave the stock a “hold” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Lululemon Athletica currently has an average rating of “Buy” and an average target price of $75.03.
In other news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company’s stock.
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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