Lululemon Receives a Hold from Credit Suisse

By Austin Angelo

In a report issued on May 15, Christian Buss from Credit Suisse maintained a Hold rating on Lululemon (NASDAQ: LULU), with a price target of $56. The company’s shares opened today at $49.66, close to its 52-week low of $48.61.

According to TipRanks.com, Buss is a 3-star analyst with an average return of 1.3% and a 52.3% success rate. Buss covers the Services sector, focusing on stocks such as Abercrombie Fitch, Acushnet Holdings, and Burlington Stores.

Currently, the analyst consensus on Lululemon is Moderate Buy and the average price target is $60.34, representing a 21.5% upside.

In a report issued on May 3, Jefferies also reiterated a Hold rating on the stock with a $54 price target.

Based on Lululemon’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $790 million and quarterly net profit of $136 million. In comparison, last year the company earned revenue of $496 million and had a net profit of $45.34 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.

lululemon athletica, inc. designs and retails athletic apparels primarily in North America and Australia. It offers a comprehensive line of apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, running and general fitness. The company operates through corporate owned stores and direct to consumer segments. Its yoga-inspired apparel is marketed under the Lululemon Athletica brand name. lululemon athletica was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.