Guggenheim Maintains Their Buy Rating on Lululemon Athletica (LULU)

In a report issued on March 29, Robert Drbul from Guggenheim maintained a Buy rating on Lululemon Athletica (LULUResearch Report), with a price target of $475.00. The company’s shares closed last Wednesday at $376.92.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 11.1% and a 65.2% success rate. Drbul covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Levi Strauss & Co, and Burlington Stores.

Lululemon Athletica has an analyst consensus of Moderate Buy, with a price target consensus of $422.08, implying a 14.1% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $507.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Lululemon Athletica’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.13 billion and net profit of $435 million. In comparison, last year the company earned revenue of $1.73 billion and had a net profit of $330 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More