Credit Suisse Sticks to Its Buy Rating for Lululemon Athletica (LULU)

By Ryan Adsit

Credit Suisse analyst Michael Binetti maintained a Buy rating on Lululemon Athletica (LULUResearch Report) on March 26 and set a price target of $215.00. The company’s shares closed last Monday at $188.84.

According to, Binetti is a 4-star analyst with an average return of 4.3% and a 51.5% success rate. Binetti covers the Services sector, focusing on stocks such as Burlington Stores, Capri Holdings, and TJX Companies.

Lululemon Athletica has an analyst consensus of Strong Buy, with a price target consensus of $232.68, a 20.9% upside from current levels. In a report issued on March 12, Cowen & Co. also maintained a Buy rating on the stock with a $241.00 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 $1.4 billion and net profit of $298 million. In comparison, last year the company earned revenue of $1.17 billion and had a net profit of $218 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LULU in relation to earlier this year.

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lululemon athletica, Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.