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

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

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. reduced their price objective on Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Argus downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday. Telsey Advisory Group decreased their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Finally, Bank of America reduced their price target on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Stock Up 1.1 %

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica during the fourth quarter worth about $32,000. Finally, Asset Planning Inc purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors 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.