Somewhat Favorable News Coverage Somewhat Unlikely to Impact lululemon athletica inc. (LULU) Share Price
Headlines about lululemon athletica inc. (NASDAQ:LULU) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. lululemon athletica inc. earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the apparel retailer an impact score of 45.768406925518 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
- Reviewing K Swiss (KSWS) and lululemon athletica inc. (LULU) (americanbankingnews.com)
- lululemon athletica inc. (LULU) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- Brokerages Anticipate lululemon athletica inc. (LULU) Will Announce Quarterly Sales of $610.97 Million (americanbankingnews.com)
- lululemon athletica Reaches Analyst Target Price (nasdaq.com)
- Stock Watch Evaluation: Lululemon Athletica Inc (NASDAQ: LULU) – Alpha Beta Stock (alphabetastock.com)
Several analysts have issued reports on LULU shares. Canaccord Genuity set a $41.00 target price on lululemon athletica inc. and gave the company a “sell” rating in a research note on Tuesday, August 29th. BMO Capital Markets restated a “hold” rating and issued a $55.00 target price on shares of lululemon athletica inc. in a research note on Thursday, November 2nd. Zacks Investment Research lowered lululemon athletica inc. from a “buy” rating to a “hold” rating in a research note on Tuesday. Cowen and Company restated an “outperform” rating and issued a $68.00 target price (up from $67.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Finally, Robert W. Baird restated a “buy” rating and issued a $72.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $65.67.
lululemon athletica inc. (LULU) traded up $0.80 during mid-day trading on Friday, hitting $65.71. The company’s stock had a trading volume of 1,009,400 shares, compared to its average volume of 2,660,186. lululemon athletica inc. has a 1 year low of $47.26 and a 1 year high of $72.70. The stock has a market cap of $9,040.00, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 2.25 and a beta of 0.15.
lululemon athletica inc. (NASDAQ:LULU) last posted its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The firm had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. research analysts predict that lululemon athletica inc. will post 2.43 earnings per share for the current year.
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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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