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TheStreet reissued their buy rating on shares of Lululemon (NASDAQ: LULU) in a research report sent to investors on Wednesday morning, AnalystRatingsNetwork.com reports.
“Lululemon Athletica (LULU) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.,” the firm’s analyst wrote.
TheStreet has also updated their ratings on a number of other consumer goods stocks in the last week. The firm reiterated its hold rating on shares of Transocean. Also, TheStreet reiterated its hold rating on shares of Suncor Energy. Finally, TheStreet reiterated its buy rating on shares of Sanofi-Aventis.
Lululemon (NASDAQ: LULU) traded up 0.50% on Wednesday, hitting $66.28. Lululemon has a 52-week low of $52.20 and a 52-week high of $82.50. The stock’s 50-day moving average is currently $69.94. The company has a market cap of $9.581 billion and a price-to-earnings ratio of 35.65.
A number of other firms have also recently commented on LULU. Analysts at Barclays Capital initiated coverage on shares of Lululemon in a research note to investors on Monday. They set an overweight rating and a $85.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a positive rating on shares of Lululemon in a research note to investors on Monday. They now have a $87.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Lululemon in a research note to investors on Tuesday, June 25th. They set a hold rating and a $65.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $74.81.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.Image may be NSFW.
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