Lululemon Athletica (LULU) Receives Media Sentiment Score of 0.17

Press coverage about Lululemon Athletica (NASDAQ:LULU) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lululemon Athletica earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the apparel retailer an impact score of 48.2875406857932 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Several analysts recently weighed in on LULU shares. Cowen restated a “buy” rating and set a $68.00 price objective on shares of Lululemon Athletica in a research report on Friday, November 3rd. Citigroup upgraded Lululemon Athletica from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $61.50 to $60.09 in a research report on Friday, October 20th. Zacks Investment Research downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Canaccord Genuity set a $43.00 target price on Lululemon Athletica and gave the company a “sell” rating in a research report on Tuesday, December 5th. Finally, KeyCorp reiterated a “hold” rating on shares of Lululemon Athletica in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $72.95.

Lululemon Athletica (NASDAQ LULU) traded down $2.14 during midday trading on Tuesday, reaching $76.70. The company had a trading volume of 1,524,400 shares, compared to its average volume of 2,050,000. Lululemon Athletica has a fifty-two week low of $47.26 and a fifty-two week high of $81.92. The firm has a market capitalization of $10,380.00, a PE ratio of 38.16, a P/E/G ratio of 2.41 and a beta of 0.19.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.52 by $0.04. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The business had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. During the same quarter last year, the firm posted $0.50 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. equities analysts expect that Lululemon Athletica will post 2.54 EPS for the current year.

Lululemon Athletica announced that its board has approved a stock repurchase program on Wednesday, December 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the apparel retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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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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