Lululemon Athletica (LULU) Received its Third Buy in a Row


After Barclays and Cowen & Co. gave Lululemon Athletica (NASDAQ: LULU) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Sam Poser reiterated a Buy rating on Lululemon Athletica yesterday and set a price target of $260.00. The company’s shares closed last Monday at $233.19, close to its 52-week high of $235.50.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.2% and a 58.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Wolverine World Wide, and Deckers Outdoor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lululemon Athletica with a $239.33 average price target, implying a 4.1% upside from current levels. In a report issued on December 3, Cowen & Co. also reiterated a Buy rating on the stock with a $250.00 price target.

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Based on Lululemon Athletica’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $125 million. In comparison, last year the company had a net profit of $94.41 million.

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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.

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