Lululemon (LULU) Jumps to No. 4 Apparel Brand Among Teens, Piper Sandler Survey Showed

April 7, 2021 1:06 PM EDT
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Price: $324.10 -0.53%

Rating Summary:
    27 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 5 | New: 39
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Lululemon Athletica Inc. (NASDAQ: LULU) made some notable gains among teens, Piper Sandler's 41st semi-annual Taking Stock With Teens Survey showed.

"lululemon is the No. 4 preferred apparel brand in our survey - moving up from No. 6 in Spring 2020," the firm commented. "Among all females, it ranked No. 4 but gained 200 bps Y/Y. Among upper-income females, it ranks No. 2 (behind PacSun) at 10% share. It ranked No. 10 among upper-income males vs. No. 7 last year. Leggings/lululemon are the No. 1 trend for females in school. lululemon is the No. 2 athletic apparel brand for upper-income teens and the No. 3 athletic apparel brand for average-income teens (gaining 300 bps Y/Y)."

Piper Sandler analyst Erinn Murphy reiterated an Overweight rating and $465.00 price target on LULU.

For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.

Shares of Lululemon Athletica Inc. closed at $308.52 yesterday.

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Erinn Murphy