NEW YORK (TheStreet) -- TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, made bullish remarks about Lululemon Athletica (LULU) - Get Report . Similarly, Oppenheimer came out with a positive note earlier this morning, boosting its price target to $80 from $70.
Shares are rising by 0.4% to $68.07 on Thursday.
Cramer said the yoga apparel maker's stock is "probably not done going higher," given that it had "a terrific quarter." He also applauded the company's omni-channel.
Additionally, the company's product and supply chain investments are "finally bearing fruit," Oppenheimer analysts said, emphasizing its impressive 2015 fourth quarter results, released yesterday afternoon.
For the latest period, the Vancouver-based company posted earnings of 85 cents a share, beating Wall Street's expectations of 80 cents a share.
Revenue jumped by 17% year-over-year to $704.3 million, also topping estimates of $693.38 million.
It appears that the company's earnings power is "accelerating into 2016," as its brand equity remains solid, the firm noted, reiterating its "outperform" rating on the stock.
Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: LULU