Oppenheimer Believes Lululemon Athletica Inc (LULU) Still Has Room to Grow

Oppenheimer analyst Brian Nagel assigned a Buy rating to Lululemon Athletica Inc (LULU) today. The company’s shares closed yesterday at $178.27, close to its 52-week high of $179.50.

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 9.9% and a 67.3% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Capri Holdings Limited, and Dick’s Sporting Goods.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lululemon Athletica Inc with a $183.61 average price target, representing a 3.0% upside. In a report issued on April 22, Robert W. Baird also maintained a Buy rating on the stock with a $185 price target.

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The company has a one-year high of $179.50 and a one-year low of $95.39. Currently, Lululemon Athletica Inc has an average volume of 2.19M.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

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

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