NEW YORK (TheStreet) -- Lululemon Athletica (LULU) - Get Report  shares closed Thursday's trading session up 1.37% to $60.89 as Baird Research analysts believe its fourth quarter financial results will be higher than the management's outlook issued in January. 

In a note released today, the firm reiterated its "outperform" rating on the stock and raised its price target to $71 from $67.

The yoga apparel maker in January increased its guidance for fiscal 2015 fourth quarter, expected to be released on Wednesday before the market opens.

It now expects earnings to be between 78 cents to 80 cents a share, above its previous guidance of 75 cents to 78 cents a share. Revenue is projected to be between $690 million to $695 million, compared to its previous range of $670 million to $685 million.

"Lululemon remains a favorite growth pick based on a healthy category backup, improved product innovation, and numerous margin tailwinds," analysts added.

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, premium valuation and weak operating cash flow.

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' author.

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

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