Stifel Nicolaus Sticks to Its Hold Rating for Lululemon Athletica (LULU)

In a report released today, Peter McGoldrick from Stifel Nicolaus reiterated a Hold rating on Lululemon Athletica, with a price target of $176.00.

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McGoldrick covers the Consumer Cyclical sector, focusing on stocks such as Nike, Birkenstock Holding plc, and Fox Factory Holding. According to TipRanks, McGoldrick has an average return of 4.4% and a 60.87% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Lululemon Athletica with a $178.29 average price target.

Based on Lululemon Athletica’s latest earnings release for the quarter ending February 1, the company reported a quarterly revenue of $3.64 billion and a net profit of $586.87 million. In comparison, last year the company earned a revenue of $3.61 billion and had a net profit of $748.4 million

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LULU in relation to earlier this year. Earlier this month, NICOLE NEUBURGER, the Chief Brand Officer of LULU sold 622.00 shares for a total of $100,142.00.