Lululemon Athletica (NASDAQ:LULU) Raised 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 report published on Monday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Robert W. Baird upped their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. BMO Capital Markets reduced their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday, March 28th. Morgan Stanley decreased their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Truist Financial dropped their price target on Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, William Blair reaffirmed 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 issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Price Performance

Shares of LULU 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 stock has a market cap of $34.43 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The firm has a fifty day moving average price of $358.96 and a 200 day moving average price of $340.07.

Lululemon Athletica (NASDAQ:LULU) last announced 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. The firm had revenue of $3.60 billion during 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 business’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.29 EPS. As a group, equities analysts expect that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.