Morgan Stanley Issues Pessimistic Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target dropped by research analysts at Morgan Stanley from $420.00 to $411.00 in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has an "overweight" rating on the apparel retailer's stock. Morgan Stanley's target price indicates a potential upside of 27.39% from the company's previous close.

Several other equities research analysts also recently issued reports on LULU. TD Securities increased their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. UBS Group increased their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Needham & Company LLC raised Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 price objective for the company in a research note on Friday, January 10th. TD Cowen increased their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price objective on Lululemon Athletica from $428.00 to $437.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.10.

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Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded down $1.83 during midday trading on Wednesday, reaching $322.62. The company had a trading volume of 1,984,443 shares, compared to its average volume of 2,081,893. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $423.32. The firm has a market cap of $39.29 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company has a fifty day simple moving average of $369.92 and a two-hundred day simple moving average of $337.50.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company's stock.

Institutional Trading of Lululemon Athletica

Several institutional investors have recently modified their holdings of the company. Fairtree Asset Management Pty Ltd acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $497,000. 111 Capital acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $3,362,000. NorthCrest Asset Manangement LLC grew its holdings in shares of Lululemon Athletica by 6.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer's stock worth $458,000 after purchasing an additional 71 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $1,912,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $1,257,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.