Merrill Lynch Keeps Their Buy Rating on Lululemon Athletica Inc (LULU)

By Austin Angelo

In a report released today, Rafe Jadrosich from Merrill Lynch reiterated a Buy rating on Lululemon Athletica Inc (LULUResearch Report), with a price target of $230. The company’s shares closed last Monday at $188.41, close to its 52-week high of $194.25.

Jadrosich has an average return of 34.9% when recommending Lululemon Athletica Inc.

According to TipRanks.com, Jadrosich is ranked #267 out of 5540 analysts.

Currently, the analyst consensus on Lululemon Athletica Inc is a Moderate Buy with an average price target of $202.57, representing a 10.1% upside. In a report issued on August 27, William Blair also reiterated a Buy rating on the stock.

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Based on Lululemon Athletica Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $96.6 million. In comparison, last year the company had a net profit of $95.77 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.