The firm, which reiterated its "buy" rating on the stock with a $68 price target, described the company as the "premium player in the activewear space," according to its note released earlier this morning.
Analysts are particularly bullish on store execution and its efforts to enhance customer engagement.
Just by looking at the recent same store sales results over the last three quarters, which were up 6%, 11% and 9% respectively, it appears that the company's underlying business is robust.
Shares are retreating 1.02% to $60.27 on Monday morning.
Based in Vancouver, Lululemon Athletica designs, manufactures, and distributes athletic apparel and accessories for women, men, and female youth.
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