lululemon athletica Board Of Directors On Nov. 29 Authorized $1B Stock Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
The Board of Directors of lululemon athletica has authorized a $1 billion stock repurchase program on November 29.
December 07, 2023 | 9:11 pm
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POSITIVE IMPACT
lululemon athletica's new $1 billion stock repurchase program may lead to a positive short term impact on its stock price as buybacks can reduce share count and potentially increase earnings per share.
Stock repurchase programs are typically viewed positively by the market as they often lead to a reduction in the number of shares outstanding, which can increase earnings per share and return value to shareholders. This can result in a short term increase in stock price, assuming market conditions do not change significantly. However, the actual impact will depend on the execution of the buyback and overall market sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100