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

Cfra Research upgraded shares of Lululemon Athletica (NASDAQ:LULU) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Needham & Company LLC cut their target price on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. Oppenheimer raised their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays reduced their target price on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Piper Sandler dropped their price target on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Finally, Raymond James reaffirmed a “market perform” rating and set a $430.00 price target on shares of Lululemon Athletica in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Trading Up 1.1 %

LULU opened at $282.75 on Monday. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market capitalization of $34.43 billion, a PE ratio of 20.42, a PEG ratio of 2.22 and a beta of 1.21. The firm’s 50-day moving average price is $358.96 and its 200 day moving average price is $340.07.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 analysts’ expectations of $3.59 billion. During the same period in the previous year, the firm posted $5.29 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lululemon Athletica

Several hedge funds and other institutional investors have recently made changes to their positions in LULU. TCTC Holdings LLC purchased a new position in Lululemon Athletica in the fourth quarter worth approximately $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth $30,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the fourth quarter valued at $32,000. Finally, Sound Income Strategies LLC raised its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Hedge funds and other 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.