B.Riley FBR Believes Lululemon Athletica (LULU) Still Has Room to Grow


B.Riley FBR analyst Susan Anderson assigned a Buy rating to Lululemon Athletica (LULU) today and set a price target of $317.00. The company’s shares closed last Monday at $294.35, close to its 52-week high of $324.76.

According to TipRanks.com, Anderson ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.8% and a 35.2% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Turning Point Brands, and G-III Apparel Group.

Lululemon Athletica has an analyst consensus of Moderate Buy, with a price target consensus of $321.76, which is a 10.9% upside from current levels. In a report issued on June 15, Oppenheimer also reiterated a Buy rating on the stock with a $370.00 price target.

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Based on Lululemon Athletica’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $652 million and net profit of $28.63 million. In comparison, last year the company earned revenue of $782 million and had a net profit of $96.6 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LULU in relation to earlier this year.

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 designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.

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