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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.

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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.

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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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