Lululemon Athletica Inc (LULU) Receives a Buy from Wolfe Research


Wolfe Research analyst Adrienne Tennant maintained a Buy rating on Lululemon Athletica Inc (LULU) yesterday and set a price target of $182. The company’s shares closed yesterday at $141.13.

According to TipRanks.com, Tennant is a 4-star analyst with an average return of 4.0% and a 50.4% success rate. Tennant covers the Services sector, focusing on stocks such as Abercrombie Fitch, Bed Bath & Beyond, and Children’s Place.

Lululemon Athletica Inc has an analyst consensus of Strong Buy, with a price target consensus of $166.76, implying a 18.2% upside from current levels. In a report issued on January 2, Wells Fargo also maintained a Buy rating on the stock with a $175 price target.

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Lululemon Athletica Inc’s market cap is currently $18.51B and has a P/E ratio of 49.53. The company has a Price to Book ratio of 13.29.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

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lululemon athletica, Inc. engages in the design, distribution, and retail of athletic apparel and accessories. It company operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize athletic wear for female youth.

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