KeyBanc Remains a Hold on Lululemon Athletica Inc

By Carrie Williams

In a report issued on August 24, Jason Gere from KeyBanc reiterated a Hold rating on Lululemon Athletica Inc (NASDAQ: LULU). The company’s shares closed yesterday at $60.21.

According to TipRanks.com, Gere is a 2-star analyst with an average return of 1.2% and a 45.2% success rate. Gere covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Scotts Miracle-Gro Company, and Energizer Holdings Inc.

Currently, the analyst consensus on Lululemon Athletica Inc is Moderate Buy and the average price target is $62.73, representing a 4.2% upside.

In a report issued on August 23, Credit Suisse also maintained a Hold rating on the stock with a $56 price target.

The company has a one year high of $79.41 and a one year low of $47.26. Currently, Lululemon Athletica Inc has an average volume of 2.52M.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LULU in relation to earlier this year. Most recently, in June 2017, Martin Michael Casey, a Director at LULU bought 4,286 shares for a total of $108,136.

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 line of apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, running and general fitness.