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

Lululemon Athletica (NASDAQ:LULU) had its price objective decreased by Morgan Stanley from $411.00 to $373.00 in a research note issued to investors on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the apparel retailer’s stock.

Several other equities research analysts also recently issued reports on LULU. Barclays increased their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Needham & Company LLC reduced their target price on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Raymond James reissued a “market perform” rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday. Finally, BMO Capital Markets increased their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Stock Performance

LULU stock opened at $293.06 on Friday. The stock has a fifty day moving average of $364.63 and a 200-day moving average of $340.22. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The company has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the business earned $5.29 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts predict that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Investors Weigh In On Lululemon Athletica

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