Merrill Lynch analyst Rafe Jadrosich reiterated a Buy rating on Lululemon Athletica (NASDAQ:LULU) Inc on Tuesday, setting a price target of $340, which is approximately 17.43% above the present share price of $289.53.
Jadrosich expects Lululemon Athletica Inc to post earnings per share (EPS) of $0.22 for the second quarter of 2020.
The current consensus among 27 TipRanks analysts is for a Moderate Buy rating of shares in Lululemon Athletica, with an average price target of $321.76.
The analysts price targets range from a high of $378 to a low of $192.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $651.96 million and a net profit of $32.75 million. The company's market cap is $38.33 billion.
According to TipRanks.com, Merrill Lynch analyst Rafe Jadrosich is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.4% and a 77.59% success rate.
lululemon athletica, Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.