Guggenheim Sticks to Their Buy Rating for Lululemon Athletica (LULU)

Guggenheim analyst Robert Drbul maintained a Buy rating on Lululemon Athletica (LULUResearch Report) today and set a price target of $275.00. The company’s shares closed last Monday at $242.55, close to its 52-week high of $243.49.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 9.9% and a 68.3% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings, Burlington Stores, and Capri Holdings.

Currently, the analyst consensus on Lululemon Athletica is a Moderate Buy with an average price target of $248.38, implying a 4.1% upside from current levels. In a report released today, MKM Partners also maintained a Buy rating on the stock with a $264.00 price target.

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The company has a one-year high of $243.49 and a one-year low of $135.38. Currently, Lululemon Athletica has an average volume of 1.82M.

Based on the recent corporate insider activity of 47 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. Earlier this 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.