Guggenheim Believes Lululemon Athletica Inc (NASDAQ: LULU) Still Has Room to Grow

By Jason Carr

In a report released yesterday, Robert Drbul from Guggenheim maintained a Buy rating on Lululemon Athletica Inc (LULUResearch Report), with a price target of $200. The company’s shares closed yesterday at $170.89, close to its 52-week high of $179.50.

Drbul commented:

“We believe the results demonstrate continued momentum in the business globally. LULU continues to drive outsized results across its portfolio, and we are encouraged by the continued momentum on top of quite challenging YoY comparisons (+35% 2-year CC comp). Given our belief LULU should drive continued top-line strength, with the brand pursuing a significant global opportunity, we remain $200 PT.”

According to, Drbul is a 5-star analyst with an average return of 8.5% and a 64.7% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lululemon Athletica Inc with a $191.42 average price target, which is a 12.0% upside from current levels. In a report issued on June 10, RBC Capital also maintained a Buy rating on the stock with a $190 price target.

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The company has a one-year high of $179.50 and a one-year low of $110.71. Currently, Lululemon Athletica Inc has an average volume of 2.21M.

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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 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.