Analysts Offer Insights on Consumer Goods Companies: Home Depot (HD) and Lulu’s Fashion Lounge Holdings (LVLU)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Home Depot (HD – Research Report) and Lulu’s Fashion Lounge Holdings (LVLU – Research Report) with bullish sentiments.

Home Depot (HD)

Robert W. Baird analyst Peter Benedict maintained a Buy rating on Home Depot on November 15 and set a price target of $360.00. The company’s shares closed last Thursday at $311.44.

According to TipRanks.com, Benedict is a top 100 analyst with an average return of 16.1% and a 70.3% success rate. Benedict covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Williams-Sonoma, and Tractor Supply.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Home Depot with a $345.06 average price target, which is a 10.6% upside from current levels. In a report issued on November 8, Goldman Sachs also maintained a Buy rating on the stock with a $329.00 price target.

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Lulu’s Fashion Lounge Holdings (LVLU)

In a report issued on November 15, Mark Altschwager from Robert W. Baird maintained a Buy rating on Lulu’s Fashion Lounge Holdings, with a price target of $7.00. The company’s shares closed last Thursday at $5.04, close to its 52-week low of $4.50.

According to TipRanks.com, Altschwager is a 4-star analyst with an average return of 4.7% and a 45.5% success rate. Altschwager covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Burlington Stores, and Bath & Body Works.

Currently, the analyst consensus on Lulu’s Fashion Lounge Holdings is a Strong Buy with an average price target of $7.94, representing a 48.4% upside. In a report issued on November 15, Goldman Sachs also maintained a Buy rating on the stock with a $8.75 price target.

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