lululemon athletica inc. (LULU) Getting Somewhat Favorable Press Coverage, Analysis Shows
News headlines about lululemon athletica inc. (NASDAQ:LULU) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. lululemon athletica inc. earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the apparel retailer an impact score of 45.4124652852909 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- lululemon athletica (LULU): Denim Wave Could Sink The Premium On Yoga Pants – Canaccord – StreetInsider.com (streetinsider.com)
- Is Lululemon Just Like the Rest of Athletic Retail? (finance.yahoo.com)
- lululemon athletica inc. (LULU) Given “Sell” Rating at Canaccord Genuity (americanbankingnews.com)
- Lululemon Athletica inc. : Earnings Review and Free Research Report: Lululemon’s Revenue Jumped 13%; Adjusted EPS Added 3% (4-traders.com)
Shares of lululemon athletica inc. (NASDAQ LULU) opened at 58.14 on Friday. The firm has a market cap of $7.87 billion, a PE ratio of 28.06 and a beta of 0.22. The company has a 50 day moving average of $60.45 and a 200 day moving average of $56.95. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $72.70.
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, equities research analysts anticipate that lululemon athletica inc. will post $2.41 EPS for the current fiscal year.
LULU has been the subject of a number of research reports. Stifel Nicolaus set a $60.00 target price on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Sunday, May 28th. Credit Suisse Group reissued a “neutral” rating and set a $56.00 target price on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. UBS AG reissued a “neutral” rating and set a $54.00 target price (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $51.00 target price (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $58.00 target price (up previously from $56.00) on shares of lululemon athletica inc. in a research note on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $65.71.
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In related news, Director Glenn Murphy acquired 100,000 shares of lululemon athletica inc. stock in a transaction that occurred on Tuesday, June 27th. The stock was acquired 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 of the company’s stock, valued at approximately $5,569,092. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.
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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