In a report released yesterday, Sam Poser from Susquehanna reiterated a Buy rating on Lululemon Athletica Inc (LULU – Research Report), with a price target of $210. The company’s shares closed yesterday at $178.27, close to its 52-week high of $179.50.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 4.8% and a 54.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Wolverine World Wide, and Deckers Outdoor.
Lululemon Athletica Inc has an analyst consensus of Moderate Buy, with a price target consensus of $182.78, implying a 2.5% upside from current levels. In a report issued on April 22, Robert W. Baird also maintained a Buy rating on the stock with a $185 price target.
Based on Lululemon Athletica Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $218 million. In comparison, last year the company had a net profit of $120 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.
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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 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.