Lululemon Athletica Soared 9% Last Week: Here’s Why
Lululemon Athletica (LULU) stock surged 12% on Wednesday, March 28, 2018, after the company posted a solid fourth quarter and issued an optimistic outlook. Many analysts raised their price targets for the company. They include Canaccord Genuity ($75 to $85), Bernstein ($72 to $80), Deutsche Bank ($95 to $96), Cowen and Company ($90 to $96), and Barclays ($95 to $100). The yoga-inspired athletic apparel retailer posted a 33% YoY (year-over-year) improvement in earnings to $1.33 per share on total sales of $929 million, a 17.6% increase YoY.