Somewhat Positive Media Coverage Somewhat Unlikely to Affect Lululemon Athletica (LULU) Stock Price
Media headlines about Lululemon Athletica (NASDAQ:LULU) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lululemon Athletica earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the apparel retailer an impact score of 46.5175983605635 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- 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)
- Lululemon Athletica inc. (LULU) Sees Large Growth in Short Interest (americanbankingnews.com)
Shares of Lululemon Athletica (LULU) traded down $0.06 during trading on Wednesday, reaching $79.74. The company had a trading volume of 60,407 shares, compared to its average volume of 1,656,213. Lululemon Athletica has a fifty-two week low of $47.26 and a fifty-two week high of $83.98. The company has a market cap of $10,875.00, a PE ratio of 39.70, a P/E/G ratio of 2.06 and a beta of 0.22.
Several analysts have issued reports on LULU shares. Zacks Investment Research lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Stifel Nicolaus reiterated a “hold” rating on shares of Lululemon Athletica in a report on Tuesday, January 9th. BidaskClub upgraded shares of Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Canaccord Genuity set a $43.00 price target on shares of Lululemon Athletica and gave the company a “sell” rating in a research note on Tuesday, December 5th. Finally, Cowen set a $90.00 price objective on shares of Lululemon Athletica and gave the stock a “buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $75.03.
In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available through this link. Insiders own 0.29% of the company’s stock.
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Lululemon Athletica Company Profile
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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