News articles about lululemon athletica inc. (NASDAQ:LULU) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. lululemon athletica inc. earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the apparel retailer an impact score of 44.8985281056584 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- lululemon athletica inc. (LULU) Now Covered by Analysts at Sanford C. Bernstein (americanbankingnews.com)
- lululemon athletica inc. (LULU) vs. its Peers Head to Head Review (americanbankingnews.com)
- Lululemon: Poised For A Higher Valuation – Seeking Alpha (seekingalpha.com)
- lululemon athletica inc. (LULU) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- ETFs with exposure to lululemon athletica, inc. : September 7, 2017 (finance.yahoo.com)
lululemon athletica inc. (NASDAQ LULU) opened at 61.79 on Wednesday. The company’s 50 day moving average is $60.64 and its 200 day moving average is $57.18. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $72.70. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 29.27 and a beta of 0.22.
lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. Equities research analysts forecast that lululemon athletica inc. will post $2.41 EPS for the current year.
A number of analysts have issued reports on the stock. UBS AG reiterated a “neutral” rating and issued a $54.00 price target (down from $57.00) on shares of lululemon athletica inc. in a report on Tuesday, May 30th. Barclays PLC set a $85.00 price target on shares of lululemon athletica inc. and gave the company a “buy” rating in a report on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 price target on shares of lululemon athletica inc. and gave the company a “buy” rating in a report on Saturday, June 3rd. BMO Capital Markets set a $55.00 price target on shares of lululemon athletica inc. and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Sanford C. Bernstein assumed coverage on shares of lululemon athletica inc. in a report on Tuesday. They issued a “market perform” rating and a $66.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.68.
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In other news, Director Glenn Murphy bought 100,000 shares of lululemon athletica inc. stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average price of $55.50 per share, with a total value of $5,550,000.00. Following the completion of the acquisition, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.
About lululemon athletica inc.
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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