Needham Believes Lululemon Athletica (LULU) Still Has Room to Grow
Needham analyst Rick Patel assigned a Buy rating to Lululemon Athletica (LULU) today and set a price target of $430.00. The company’s shares closed last Wednesday at $372.60, close to its 52-week high of $399.90.
According to TipRanks.com, Patel is a 4-star analyst with an average return of 12.0% and a 48.4% success rate. Patel covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, G-III Apparel Group, and Oxford Industries.
Currently, the analyst consensus on Lululemon Athletica is a Moderate Buy with an average price target of $381.70.
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Lululemon Athletica’s market cap is currently $46.63B and has a P/E ratio of 91.60. The company has a Price to Book ratio of 32.15.
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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.