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

Lululemon Athletica (NASDAQ:LULU) had its price target lowered by investment analysts at Morgan Stanley from $420.00 to $411.00 in a note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has an “overweight” rating on the apparel retailer’s stock. Morgan Stanley’s price objective would indicate a potential upside of 26.68% from the stock’s previous close.

A number of other analysts also recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Truist Financial increased their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Citigroup increased their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Telsey Advisory Group increased their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $397.10.

Lululemon Athletica Trading Down 1.6 %

LULU stock opened at $324.45 on Wednesday. The company has a market cap of $39.51 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $480.94. The firm has a 50-day moving average of $371.38 and a two-hundred day moving average of $335.94.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, 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 this link. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

A number of hedge funds and other institutional investors have recently modified their holdings of LULU. TCTC Holdings LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth $26,000. Anderson Financial Strategies LLC purchased a new stake in Lululemon Athletica in the fourth quarter valued at $30,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter valued at $32,000. Finally, Sound Income Strategies LLC lifted its position in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.