Lululemon ( LULU 0.94% ) surged by 6.16% on Thursday after the company delivered better-than-expected earnings for the fourth quarter of fiscal 2013. The company seems to be gradually recovering from past mistakes and getting ready to refocus on growth opportunities. However, competitive pressure from players such as Gap ( GPS 4.33% ) and Under Armour ( UAA 3.32% ) is materially increasing, and Lululemon will need to improve its performance in order to justify current valuation levels.