In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Lululemon Athletica Inc (NASDAQ: LULU). The company’s shares closed yesterday at $161.64, close to its 52-week high of $164.79.
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 10.1% and a 65.9% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Dick’s Sporting Goods, and Advance Auto Parts.
Currently, the analyst consensus on Lululemon Athletica Inc is a Moderate Buy with an average price target of $168.25, a 4.1% upside from current levels. In a report issued on September 17, Wells Fargo also upgraded the stock to Buy.
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Lululemon Athletica Inc’s market cap is currently $21.41B and has a P/E ratio of 62.89. The company has a Price to Book ratio of 16.21.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LULU in relation to earlier this year. Last month, Emily White, a Director at LULU bought 1,214 shares for a total of $58,709.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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