Susquehanna Believes Lululemon Athletica Inc (LULU) Won’t Stop Here


In a report released today, Sam Poser from Susquehanna maintained a Buy rating on Lululemon Athletica Inc (NASDAQ: LULU). The company’s shares closed yesterday at $105.27, close to its 52-week high of $106.54.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 8.1% and a 56.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Currently, the analyst consensus on Lululemon Athletica Inc is Moderate Buy and the average price target is $93.06, representing a -11.6% downside.

In a report issued on May 21, SunTrust Robinson also maintained a Buy rating on the stock with a $114 price target.

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The company has a one-year high of $106.54 and a one-year low of $47.26. Currently, Lululemon Athletica Inc has an average volume of 1.95M.

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.

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