$LULU Left for dead company. Analysts and traders realizing a little positivity will send this through the roof.? Henry Miller (@keynesian) Jun. 6 at 10:19 AM
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.
The 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.
$LULU this stock is to be chopped in 1/2, men won't shop at LULU and competition too high, expect a big miss? Vinesh Guruwara (@vpg_999) Apr. 21 at 12:05 PM
But most investors see plenty of upside for the company. It has a market cap of $6.36 billion and trades at 19.6 times forward 2016 earnings.
$LULU has good management, a strong competitive position, solid financials and significant opportunity? Wall Street Kid (@WallStreetKid) Jun. 5 at 10:49 AM
At the time of publication, the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.