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 note published on Monday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Citigroup set a $330.00 price objective on Lululemon Athletica and gave the company a “negative” rating in a report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. BTIG Research cut their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Needham & Company LLC lowered their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Finally, William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $282.75 on Monday. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a market capitalization 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 business’s fifty day moving average price is $358.96 and its 200 day moving average price is $340.07.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.29 EPS. As a group, equities analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Investors Weigh In On Lululemon Athletica

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