Oppenheimer analyst Brian Nagel assigned a Buy rating to Lululemon Athletica (LULU) today and set a price target of $296.00. The company’s shares closed last Thursday at $267.53.
According to TipRanks.com, Nagel is a top 100 analyst with an average return of 14.5% and a 69.1% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, The Lovesac Company, and Advance Auto Parts.
Lululemon Athletica has an analyst consensus of Strong Buy, with a price target consensus of $230.52, a -11.1% downside from current levels. In a report issued on May 14, Cowen & Co. also maintained a Buy rating on the stock with a $280.00 price target.
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The company has a one-year high of $266.20 and a one-year low of $128.85. Currently, Lululemon Athletica has an average volume of 2.3M.
Based on the recent corporate insider activity of 42 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.
