Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Lululemon (NASDAQ: LULU) shares are up over 12% on Thursday after it published its second-quarter earnings report.
The athletic apparel retailer reported earnings of $1.65 per share, beating estimates of $1.19. Revenue came in at $1.45 billion, also beating estimates of $1.34 billion.
The company's stock price is currently trading at $424 per share.
Several analysts have upgraded Lululemon price targets since the earnings report:
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