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

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

A number of other research firms also recently weighed in on LULU. UBS Group dropped their price target on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Needham & Company LLC reduced their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. BMO Capital Markets lowered their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a report on Friday, March 28th. Telsey Advisory Group cut their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Finally, Wells Fargo & Company dropped their price objective on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Stock Up 1.1 %

Shares of NASDAQ LULU opened at $282.75 on Monday. The company has a market capitalization of $34.43 billion, a PE ratio of 20.42, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a fifty day simple moving average of $358.96 and a 200 day simple moving average of $340.07.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) 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 analyst estimates 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 previous year, the firm earned $5.29 earnings per share. As a group, equities analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LULU. TCTC Holdings LLC bought a new position in Lululemon Athletica in the fourth quarter worth $26,000. Anderson Financial Strategies LLC bought a new stake in Lululemon Athletica during the fourth quarter worth about $30,000. Kestra Investment Management LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $32,000. Finally, Sound Income Strategies LLC increased its position in Lululemon Athletica by 309.5% during the 4th 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. 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.