Lululemon Athletica (LULU) Received its Third Buy in a Row
After Piper Sandler and William Blair gave Lululemon Athletica (NASDAQ: LULU) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Brian Nagel maintained a Buy rating on Lululemon Athletica today. The company’s shares closed last Monday at $200.80.
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 7.6% and a 60.8% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.
Currently, the analyst consensus on Lululemon Athletica is a Strong Buy with an average price target of $242.11, implying a 22.9% upside from current levels. In a report issued on March 12, Cowen & Co. also maintained a Buy rating on the stock with a $241.00 price target.
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Lululemon Athletica’s market cap is currently $25.23B and has a P/E ratio of 44.80. The company has a Price to Book ratio of 15.46.
Based on the recent corporate insider activity of 46 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.
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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.