Analysts Offer Insights on Consumer Goods Companies: Lululemon Athletica (NASDAQ: LULU), Burlington Stores (NYSE: BURL) and Dollar General (NYSE: DG)

By Ryan Adsit

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Lululemon Athletica (LULUResearch Report), Burlington Stores (BURLResearch Report) and Dollar General (DGResearch Report) with bullish sentiments.

Lululemon Athletica (LULU)

Cowen & Co. analyst John Kernan maintained a Buy rating on Lululemon Athletica today and set a price target of $311.00. The company’s shares closed last Monday at $305.49.

According to TipRanks.com, Kernan is a 4-star analyst with an average return of 3.8% and a 53.6% success rate. Kernan covers the Consumer Goods sector, focusing on stocks such as G-III Apparel Group, Burlington Stores, and Callaway Golf.

Lululemon Athletica has an analyst consensus of Strong Buy, with a price target consensus of $241.09, which is a -19.6% downside from current levels. In a report issued on May 18, Piper Sandler also maintained a Buy rating on the stock with a $265.00 price target.

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Burlington Stores (BURL)

Morgan Stanley analyst Kimberly Greenberger maintained a Buy rating on Burlington Stores today and set a price target of $224.00. The company’s shares closed last Monday at $210.71.

According to TipRanks.com, Greenberger is a 5-star analyst with an average return of 11.7% and a 59.7% success rate. Greenberger covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Abercrombie Fitch, and Acushnet Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Burlington Stores with a $233.07 average price target, which is a 12.6% upside from current levels. In a report issued on May 26, RBC Capital also maintained a Buy rating on the stock with a $184.00 price target.

Dollar General (DG)

In a report released today, Simeon Gutman from Morgan Stanley maintained a Buy rating on Dollar General, with a price target of $218.00. The company’s shares closed last Monday at $190.00, close to its 52-week high of $192.71.

According to TipRanks.com, Gutman is a 1-star analyst with an average return of -0.8% and a 56.0% success rate. Gutman covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Bj’s Wholesale Club Holdings, and National Vision Holdings.

Dollar General has an analyst consensus of Moderate Buy, with a price target consensus of $203.30, a 6.3% upside from current levels. In a report issued on May 18, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $202.00 price target.

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