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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts