In a report released today, Brian Tunick from RBC Capital maintained a Buy rating on Lululemon Athletica Inc (NASDAQ: LULU), with a price target of $185. The company’s shares closed yesterday at $161.64, close to its 52-week high of $164.79.
According to TipRanks.com, Tunick is a 4-star analyst with an average return of 6.4% and a 53.8% success rate. Tunick covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Urban Outfitters, and Nordstrom Inc.
Currently, the analyst consensus on Lululemon Athletica Inc is a Moderate Buy with an average price target of $167.11, representing a 3.4% upside. In a report issued on September 17, Wells Fargo also upgraded the stock to Buy.
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Based on Lululemon Athletica Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $95.77 million. In comparison, last year the company had a net profit of $48.71 million.
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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