Susquehanna Sticks to Its Buy Rating for Lululemon Athletica Inc


In a report released today, Sam Poser from Susquehanna maintained a Buy rating on Lululemon Athletica Inc (NASDAQ: LULU), with a price target of $147. The company’s shares closed yesterday at $127.71, close to its 52-week high of $129.79.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.0% and a 59.1% 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 $117.86, representing a -7.7% downside.

In a report issued on June 8, Robert W. Baird also reiterated a Buy rating on the stock with a $140 price target.

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Based on Lululemon Athletica Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $75.15 million. In comparison, last year the company had a net profit of $31.25 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.

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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