Robert W. Baird Sticks to Their Buy Rating for Lululemon Athletica (LULU)

Robert W. Baird analyst Mark Altschwager maintained a Buy rating on Lululemon Athletica (LULUResearch Report) today and set a price target of $240.00. The company’s shares closed last Monday at $190.12.

According to TipRanks.com, Altschwager is a 2-star analyst with an average return of -1.0% and a 39.8% success rate. Altschwager covers the Services sector, focusing on stocks such as Abercrombie Fitch, Burlington Stores, and Urban Outfitters.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lululemon Athletica with a $233.67 average price target, implying a 21.4% upside from current levels. In a report issued on March 12, Cowen & Co. also maintained a Buy rating on the stock with a $241.00 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 1.94M.

Based on the recent corporate insider activity of 46 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.