MKM Partners Raises Lululemon Athletica (LULU) Price Target to $177.00
Lululemon Athletica (NASDAQ:LULU) had its target price upped by MKM Partners from $174.00 to $177.00 in a report published on Monday, The Fly reports. They currently have a buy rating on the apparel retailer’s stock.
LULU has been the subject of several other research reports. ValuEngine downgraded shares of Lululemon Athletica from a strong-buy rating to a buy rating in a research report on Wednesday, November 21st. BidaskClub downgraded shares of Lululemon Athletica from a buy rating to a hold rating in a research report on Tuesday, November 20th. Canaccord Genuity raised shares of Lululemon Athletica from a hold rating to a buy rating and boosted their target price for the stock from $152.00 to $160.00 in a research report on Wednesday, October 24th. Wedbush raised shares of Lululemon Athletica from a neutral rating to an outperform rating and set a $176.00 target price for the company in a research report on Monday, October 15th. Finally, Robert W. Baird boosted their target price on shares of Lululemon Athletica from $170.00 to $190.00 and gave the stock a positive rating in a research report on Wednesday, October 3rd. Fourteen analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $156.73.
Lululemon Athletica stock opened at $133.62 on Monday. Lululemon Athletica has a 12-month low of $65.30 and a 12-month high of $164.79. The firm has a market cap of $17.55 billion, a P/E ratio of 51.59, a PEG ratio of 2.03 and a beta of 0.37.
Lululemon Athletica Company Profile
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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