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Business

Nabaparna Bhattacharya

Lululemon's Strong Earnings and Share Buyback Push Analysts to Increase Price Forecast

Lululemon LULU United States Jim Duffy Brian Nagel Joseph Civello Goldman Sachs Guggenheim KeyBanc Capital Markets Oppenheimer

Lululemon Athletica Inc. (NASDAQ:LULU) shares are trading higher after the company reported better-than-expected third-quarter financial results and increased its share buyback program by $1 billion.

Throughout the third quarter, the company repurchased 1.6 million shares of its common stock for $408.5 million. Furthermore, it approved a $1.0 billion increase to its share repurchase program, bringing the total authorized repurchases to approximately $1.8 billion.

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One subscription that gives you access to news from hundreds of sites

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