William Blair analyst Sharon Zackfia has reiterated their bullish stance on LULU stock, giving a Buy rating on March 26.
Sharon Zackfia’s rating is based on Lululemon Athletica’s strong financial performance in the fourth quarter, which exceeded expectations. The company reported a significant increase in earnings per share, driven by better-than-anticipated sales, improved gross margins, and effective management of selling, general, and administrative expenses.
Lululemon’s revenue growth was robust, particularly in China, which emerged as the fastest-growing region. The company’s performance in the Americas also showed improvement, with positive responses to new product offerings. The overall growth in constant-dollar comparable sales further supports the positive outlook, justifying the Buy rating.
Zackfia covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Lululemon Athletica, and Potbelly. According to TipRanks, Zackfia has an average return of 13.2% and a 52.83% success rate on recommended stocks.
In another report released on March 26, TD Cowen also maintained a Buy rating on the stock with a $445.00 price target.