Robert W. Baird Keeps Their Buy Rating on Lululemon Athletica (LULU)

By Austin Angelo

In a report released today, Mark Altschwager from Robert W. Baird reiterated a Buy rating on Lululemon Athletica (LULUResearch Report), with a price target of $250.00. The company’s shares closed last Monday at $225.53, close to its 52-week high of $229.65.

According to TipRanks.com, Altschwager is a 4-star analyst with an average return of 6.0% and a 46.9% success rate. Altschwager covers the Services sector, focusing on stocks such as Burlington Stores, Urban Outfitters, and Sally Beauty.

Lululemon Athletica has an analyst consensus of Moderate Buy, with a price target consensus of $222.00, which is a -1.9% downside from current levels. In a report issued on November 25, Barclays also initiated coverage with a Buy rating on the stock with a $257.00 price target.

See today’s analyst top recommended stocks >>

Lululemon Athletica’s market cap is currently $29.44B and has a P/E ratio of 55.69. The company has a Price to Book ratio of 19.50.

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.