NEW YORK (TheStreet) -- Shares of Lululemon Athletica Inc. (LULU) - Get Report were down by 3.56% to $58.79 in pre-market trading on Thursday morning, before moving higher by 3.02% to $62.80, after the yoga pants and other athletic apparel maker issued guidance for the fiscal 2015 first quarter and full year that came in below analysts' expectations.

Lululemon said its believes its first quarter earnings will be between 31 cents per share and 33 cents per share versus the 39 cents per share analysts polled by Thomson Reuters predicted.

The company said revenue for the current quarter will be in a range of $413 million to $418 million, below the $442 million analysts called for.

For fiscal 2015 Lululemon said earnings will be between $1.85 per share and $1.90 per share, while analysts are expecting $2.06 per share for the year.

Full year revenue is anticipated to be in a range from $1.97 billion to $2.02 billion; analysts predicted $2.05 billion in net sales for 2015.

Lululemon issued its 2014 fourth quarter earnings results which improved year-over-year. Earnings rose to 78 cents per share from 75 cents per share for the 2013 fourth quarter. Net revenue for the quarter increased by 16% to $602.5 million.

"2014 was a critical year when we strengthened our leadership team and made important investments in our product pipeline, guest experience, brand, and community engagement. In 2015, we expect to substantially complete this foundational work and accelerate our investments in innovation to drive sustainable global growth as we continue to lead the market that we created," Lululemon CEO Laurent Potdevin said in a statement.

Insight from TheStreet's Research Team:

Lululemon is a core holding of Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Here is what Jim Cramer, Portfolio Manager and Jack Mohr, Director of Research- Action Alerts PLUS had to say about the stock:

Overall, the results and guidance came in almost exactly as we expected and we would use any selloff as a buying opportunity. We believe the guidance cut is exclusively driven by port- and weather related disruptions and are confident that the company has a tremendous amount of pent-up earnings power heading into 2016.

We view LULU's fundamentals as not only strong, but accelerating.

-Jim Cramer and Jack Mohr, 'Lululemon Post Q4 Beat; Issues Guidance' Originally Published on 3/26/2015 on ActionAlertsPLUS.com

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Separately, TheStreet Ratings team rates LULULEMON ATHLETICA INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate LULULEMON ATHLETICA INC (LULU) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: LULU Ratings Report