Lululemon Athletica (NASDAQ:LULU) Stock Rating Upgraded by Cfra Research

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

A number of other equities research analysts have also recently weighed in on LULU. TD Cowen lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Jefferies Financial Group reaffirmed an "underperform" rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Evercore ISI boosted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Telsey Advisory Group lowered their price target on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Citigroup set a $330.00 price objective on Lululemon Athletica and gave the company a "negative" rating in a report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $378.31.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU traded up $8.05 during mid-day trading on Monday, hitting $263.70. The company had a trading volume of 8,366,117 shares, compared to its average volume of 2,200,670. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market cap of $32.11 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31. The firm's 50 day simple moving average is $353.59 and its two-hundred day simple moving average is $339.97.

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

Hedge Funds Weigh In On Lululemon Athletica

Institutional investors have recently bought and sold shares of the business. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new position in Lululemon Athletica in the 4th quarter valued at about $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $32,000. Finally, Asset Planning Inc acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Company Profile

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.