Lululemon Athletica (NASDAQ:LULU) Raised to Strong-Buy at Cfra Research

Lululemon Athletica (NASDAQ:LULU) was upgraded by equities research analysts at Cfra Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Robert W. Baird lifted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. TD Securities lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Bank of America reduced their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 28th. Evercore ISI increased their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their price target on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Trading Up 1.1 %

LULU stock opened at $282.75 on Monday. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $423.32. The firm has a market cap of $34.43 billion, a PE ratio of 20.42, a P/E/G ratio of 2.22 and a beta of 1.21. The business’s 50-day moving average price is $358.96 and its two-hundred day moving average price is $340.07.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.29 EPS. On average, analysts forecast that Lululemon Athletica will post 14.36 earnings per share for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Investment Partners Asset Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $275,000. Lebenthal Global Advisors LLC boosted its position in Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after buying an additional 1,565 shares during the period. Montag A & Associates Inc. grew its holdings in Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after acquiring an additional 3,540 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Lululemon Athletica in the 4th quarter valued at approximately $17,775,000. Finally, Northeast Investment Management bought a new position in shares of Lululemon Athletica during the fourth quarter valued at $276,000. Institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.