Sentiment on the stock is 65% bullish, according to StockTwits' analytics. Many investors and analysts say yoga pants have replaced jeans as the American woman's preferred casual attire and, as a result, Lululemon's sales can only increase.Lululemon shares climbed more than 3% Friday to $44.26 as of 12:30 p.m. The consensus price target is $61.56, according to the Analyst Ratings Network.
Analysts Give Average Rating of Buy to Lululemon Athletica inc. $LULU http://stks.co/g0h0W ? Analyst Ratings Network (@AnalystRatingsNetwork) Jun. 6 at 09:07 AM
$LULU $53 PT consensus, $64 top-performing analyst PT, what's your PT? http://stks.co/g0h2K http://stks.co/g0h2L ? Invesd (@invesd) Jun. 6 at 10:41 AMThe stock is still down more than 37% since the company recalled black yoga pants that became see-through when women worked out. And some investors argue that Lululemon will have difficulty regaining its former valuation due to increasing competition from Athleta and other stores.