Cramer Is Sticking With Lululemon

Jim Cramer said on Monday's "Mad Money" he is sticking with Lululemon athletica inc. LULU. He likes Lululemon at current levels and sees shares reaching the $200 level.

“They have had a series of unbelievable quarters. They have amazing management,” said Cramer.

In referencing a recent downgrade, Cramer said there are 100 stocks he would downgrade before Lululemon. “I'm sticking with it,” he said.

Lululemon shares closed Tuesday at $179.95. The stock has a 52-week high of $190.52 and a 52-week low of $110.71.

Related Links:

Josh Brown Calls The New York Knicks 'Embarrassing'

Wall Street Reacts To Nike's First Earnings Miss In 7 Years