Merrill Lynch Remains a Buy on Lululemon Athletica Inc (LULU)

By Jason Carr

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 $200. The company’s shares closed last Monday at $182.70, close to its 52-week high of $194.25.

Jadrosich has an average return of 36.4% when recommending Lululemon Athletica Inc.

According to, Jadrosich is ranked #280 out of 5263 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lululemon Athletica Inc with a $194.95 average price target, an 8.8% upside from current levels. In a report issued on August 20, Cowen & Co. also reiterated a Buy rating on the stock with a $200 price target.

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The company has a one-year high of $194.25 and a one-year low of $110.71. Currently, Lululemon Athletica Inc has an average volume of 1.9M.

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.