In a report released yesterday, Sam Poser from Susquehanna reiterated a Buy rating on Lululemon Athletica Inc (NASDAQ: LULU), with a price target of $164. The company’s shares closed yesterday at $137, close to its 52-week high of $140.42.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 8.7% and a 58.1% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lululemon Athletica Inc with a $135.19 average price target, which is a -1.3% downside from current levels. In a report issued on August 16, Argus Research also upgraded the stock to Buy with a $150 price target.
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The company has a one-year high of $140.42 and a one-year low of $57.19. Currently, Lululemon Athletica Inc has an average volume of 2M.
Based on the recent corporate insider activity of 32 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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