Lululemon Athletica (LULU) Gets a Buy Rating from Oppenheimer


In a report released today, Brian Nagel from Oppenheimer reiterated a Buy rating on Lululemon Athletica (LULU), with a price target of $296.00. The company’s shares closed last Monday at $256.02, close to its 52-week high of $266.20.

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 12.8% and a 70.3% success rate. Nagel covers the Services sector, focusing on stocks such as Advance Auto Parts, Urban Outfitters, and WW International.

Currently, the analyst consensus on Lululemon Athletica is a Moderate Buy with an average price target of $258.73, which is a -1.6% downside from current levels. In a report issued on February 18, Robert W. Baird also maintained a Buy rating on the stock with a $275.00 price target.

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Lululemon Athletica’s market cap is currently $34.36B and has a P/E ratio of 61.27. The company has a Price to Book ratio of 20.84.

Based on the recent corporate insider activity of 44 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. Last month, Stuart Haselden, the COO of LULU sold 27,451 shares for a total of $6,390,069.

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.

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