Robert W. Baird Believes Lululemon Athletica Inc (NASDAQ: LULU) Still Has Room to Grow

By Jason Carr

In a report issued on December 21, Mark Altschwager from Robert W. Baird reiterated a Buy rating on Lululemon Athletica Inc (NASDAQ: LULU), with a price target of $85. The company’s shares closed yesterday at $78.48, close to its 52-week high of $78.60.

According to TipRanks.com, Altschwager is a 2-star analyst with an average return of 0.3% and a 43.4% success rate. Altschwager covers the Services sector, focusing on stocks such as Abercrombie Fitch, Urban Outfitters, and Nordstrom Inc.

Currently, the analyst consensus on Lululemon Athletica Inc is Moderate Buy and the average price target is $77.05, representing a -1.8% downside.

In a report issued on December 6, Oppenheimer also maintained a Buy rating on the stock with a $75 price target.

Lululemon Athletica Inc’s market cap is currently $10.62B and has a P/E ratio of 39.04. The company has a book value ratio of 7.4750.

Based on the recent corporate insider activity of 32 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. Earlier this month, Martin Michael Casey, a Director at LULU bought 2,428 shares for a total of $114,250.

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.