Morgan Stanley Has Lowered Expectations for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its target price reduced by Morgan Stanley from $420.00 to $411.00 in a report issued on Wednesday, Marketbeat.com reports. Morgan Stanley currently has an overweight rating on the apparel retailer’s stock.

Several other research analysts also recently commented on LULU. Guggenheim increased their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. TD Securities upped their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, KeyCorp boosted their target price on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $397.10.

Lululemon Athletica Stock Down 0.6 %

LULU opened at $322.62 on Wednesday. The firm’s fifty day simple moving average is $369.92 and its two-hundred day simple moving average is $336.38. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The company has a market cap of $39.29 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.22 and a beta of 1.21.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth $523,520,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth $370,062,000. Alliancebernstein L.P. raised its stake in shares of Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after acquiring an additional 571,657 shares in the last quarter. Finally, Capital World Investors boosted its holdings in Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock valued at $827,338,000 after purchasing an additional 556,406 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

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.