Lululemon Athletica Inc (LULU) Receives a Buy from Wells Fargo

By Carrie Williams

Wells Fargo analyst Ike Boruchow maintained a Buy rating on Lululemon Athletica Inc (LULUResearch Report) yesterday. The company’s shares closed last Monday at $200.69, close to its 52-week high of $209.02.

According to TipRanks.com, Boruchow is a 1-star analyst with an average return of -0.2% and a 46.6% success rate. Boruchow covers the Services sector, focusing on stocks such as Capri Holdings Limited, Burlington Stores, and Urban Outfitters.

Lululemon Athletica Inc has an analyst consensus of Moderate Buy, with a price target consensus of $212.95, representing a 3.8% upside. In a report issued on October 30, William Blair also maintained a Buy rating on the stock.

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Based on Lululemon Athletica Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $125 million. In comparison, last year the company had a net profit of $94.41 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.

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. 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.