In a report released today, Dana Telsey from Telsey Advisory reiterated a Buy rating on Lululemon Athletica (LULU – Research Report), with a price target of $425.00. The company’s shares closed yesterday at $342.34.
According to TipRanks, Telsey is an analyst with an average return of -6.2% and a 37.42% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as Guess?, Inc., Brilliant Earth Group, and Gap.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lululemon Athletica with a $400.86 average price target, representing a 17.09% upside. In a report released today, Citi also maintained a Buy rating on the stock with a $440.00 price target.
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LULU market cap is currently $45.34B and has a P/E ratio of 51.27.
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Founded in 1998 and headquartered in Vancouver, Canada, Lululemon Athletica, Inc. is an athletic apparel retailer. The company designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. The company operates through two business segments: Company-Operated Stores, which comprises of lululemon and ivivva brands; and Direct to Consumer, which is its e-commerce business.
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