Stifel Nicolaus analyst Jim Duffy maintained a Hold rating on Lululemon Athletica Inc (NASDAQ: LULU) today and set a price target of $97. The company’s shares closed yesterday at $103.74, close to its 52-week high of $105.26.
According to TipRanks.com, Duffy is a 4-star analyst with an average return of 6.6% and a 61.7% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Fox Factory Holding, and Under Armour.
Currently, the analyst consensus on Lululemon Athletica Inc is Moderate Buy and the average price target is $93.28, representing a -10.1% downside.
In a report issued on May 11, Wedbush also initiated coverage with a Hold rating on the stock with a $90 price target.
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Lululemon Athletica Inc’s market cap is currently $14.05B and has a P/E ratio of 54.6. The company has a Price to Book ratio of 8.80.
Based on the recent corporate insider activity of 31 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. Most recently, in March 2018, Martin Michael Casey, a Director at LULU bought 11,852 shares for a total of $169,365.
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. designs and retails athletic apparels primarily in North America and Australia. It offers a line of apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, running and general fitness.
