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

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

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Argus downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday. TD Cowen upped their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Piper Sandler lowered their target price on Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Trading Up 1.1 %

Shares of NASDAQ LULU opened at $282.75 on Monday. The stock has a 50 day moving average of $358.96 and a two-hundred day moving average of $340.07. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32. The stock has a market cap of $34.43 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company earned $5.29 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, research analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

Institutional investors and hedge funds have recently bought and sold shares of the company. Fairtree Asset Management Pty Ltd bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $497,000. 111 Capital bought a new position in shares of Lululemon Athletica in the 4th quarter worth about $3,362,000. NorthCrest Asset Manangement LLC grew its stake in shares of Lululemon Athletica by 6.3% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer’s stock worth $458,000 after buying an additional 71 shares during the last quarter. PKO Investment Management Joint Stock Co purchased a new position in shares of Lululemon Athletica in the 4th quarter worth about $1,912,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at about $1,257,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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.