Wells Fargo (NYSE:WFC) analyst Ike Boruchow maintained a Hold rating on Lululemon Athletica (NASDAQ:LULU) on Wednesday, setting a price target of $330, which is approximately 16.64% below the present share price of $395.85.
Boruchow expects Lululemon Athletica to post earnings per share (EPS) of $1.11 for the third quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Strong Buy rating of shares in Lululemon Athletica, with an average price target of $402.69.
The analysts price targets range from a high of $450 to a low of $275.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $1.23 billion and a net profit of $201.49 million. The company's market cap is $53.58 billion.
According to TipRanks.com, Wells Fargo analyst Ike Boruchow is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.4% and a 53.85% success rate.
Founded in 1998 and headquartered in Vancouver, Canada, Lululemon Athletica, Inc. is an athletic apparel retailer. The company designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. The company operates through two business segments: Company-Operated Stores, which comprises of lululemon and ivivva brands; and Direct to Consumer, which is its e-commerce business.