In a report released today, Abbie Zvejnieks from Piper Sandler maintained a Buy rating on Lululemon Athletica (LULU – Research Report), with a price target of $525.00. The company’s shares closed yesterday at $478.84.
Zvejnieks covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Crocs, and Foot Locker. According to TipRanks, Zvejnieks has an average return of 12.8% and a 66.67% success rate on recommended stocks.
In addition to Piper Sandler, Lululemon Athletica also received a Buy from Citi’s Paul Lejuez in a report issued today. However, on the same day, Bernstein maintained a Hold rating on Lululemon Athletica (NASDAQ: LULU).
LULU market cap is currently $61.59B and has a P/E ratio of 59.68.
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Lululemon Athletica (LULU) Company Description:
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.
Read More on LULU:
- Lululemon’s (NASDAQ:LULU) Website Traffic Hinted at Q4 Beat
- Lululemon Reports SEC Filing and Stock Details
- LULU Earnings: Lululemon Tanks 10% on Soft Guidance
- Options Volatility and Implied Earnings Moves Today, March 21, 2024
- Lululemon benefiting from leading brand heat, customer loyalty, Truist says
