Lululemon Athletica (LULU) Gets a Hold Rating from Needham

By Jason Carr

Needham analyst Rick Patel maintained a Hold rating on Lululemon Athletica (LULUResearch Report) today. The company’s shares closed last Monday at $233.19, close to its 52-week high of $235.50.

According to TipRanks.com, Patel is a 1-star analyst with an average return of -3.6% and a 44.7% success rate. Patel covers the Services sector, focusing on stocks such as Designer Brands, Capri Holdings, and Ralph Lauren.

Currently, the analyst consensus on Lululemon Athletica is a Moderate Buy with an average price target of $241.87, a 5.2% upside from current levels. In a report issued on December 3, UBS also reiterated a Hold rating on the stock with a $230.00 price target.

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Based on Lululemon Athletica’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $126 million. In comparison, last year the company had a net profit of $94.41 million.

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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.