Cowen started coverage on shares of Lululemon (NASDAQ: LULU) in a research report released on Tuesday morning. The firm issued an outperform rating on the stock.
Cowen has also taken action a number of other consumer goods stocks recently. The firm initiated coverage on shares of Under Armour. They issued a neutral rating on that stock. Also, Cowen initiated coverage on shares of Ralph Lauren. They issued an outperform rating on that stock.
A number of other analysts have also recently weighed in on LULU. Analysts at TheStreet reiterated a buy rating on shares of Lululemon in a research note to investors on Friday, February 1st. Separately, analysts at Robert W. Baird cut their price target on shares of Lululemon from $90.00 to $84.00 in a research note to investors on Tuesday, January 15th. They now have an outperform rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Lululemon from $88.00 to $82.00 in a research note to investors on Tuesday, January 15th. They now have a buy rating on the stock.
Eleven research analysts have rated the stock with a buy rating, one has given an overweight rating, nine have given a hold rating, two have assigned an underweight rating, and one has issued a sell rating to the company’s stock. The stock presently has an average rating of overweight and a consensus price target of $78.05.
Shares of Lululemon opened at 68.61 on Tuesday. Lululemon has a one year low of $52.20 and a one year high of $81.09. The stock’s 50-day moving average is currently $68.. The company has a market cap of $9.890 billion and a P/E ratio of 41.80.
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