Lululemon Soars on Menswear, Online Push; Inches Into Nike Turf

Lululemon Soars on Menswear, Online Push; Inches Into Nike Turf
Clothes are displayed in a Lululemon Athletica retail store in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid
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Shares of yoga-pants specialists Lululemon Athletica Inc. rose 15 percent on March 28 with several Wall Street analysts raising their price targets for the company after a blockbuster fourth quarter.

March 27 results showed the Vancouver-based athleisure wear maker moving strongly into menswear, improving online sales and potentially challenging bigger rival Nike Inc on its home turf.