Morgan Stanley restated their equal weight rating on shares of Lululemon Athletica Inc. (NASDAQ:LULU) in a report published on Tuesday.

LULU has been the topic of several other research reports. Piper Jaffray Cos. raised shares of Lululemon Athletica from a hold rating to a buy rating in a research report on Friday, September 9th. Wells Fargo & Co. reissued a buy rating on shares of Lululemon Athletica in a research report on Thursday, October 6th. Citigroup Inc. dropped their target price on shares of Lululemon Athletica from $89.00 to $85.00 and set a buy rating on the stock in a research report on Friday, September 2nd. DA Davidson reissued a neutral rating and set a $80.00 target price on shares of Lululemon Athletica in a research report on Wednesday, August 31st. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $90.00 price target on shares of Lululemon Athletica in a report on Friday, August 26th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica presently has an average rating of Hold and a consensus target price of $70.01.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Shares of Lululemon Athletica (NASDAQ:LULU) opened at 58.32 on Tuesday. The company’s 50-day moving average price is $56.95 and its 200-day moving average price is $67.46. The firm has a market cap of $7.99 billion, a P/E ratio of 29.92 and a beta of 0.46. Lululemon Athletica has a 12 month low of $44.62 and a 12 month high of $81.81.

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Institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in Lululemon Athletica by 211.0% in the second quarter. Daiwa Securities Group Inc. now owns 16,950 shares of the apparel retailer’s stock worth $1,252,000 after buying an additional 11,500 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Lululemon Athletica during the second quarter worth $11,519,000. Fox Run Management L.L.C. bought a new position in Lululemon Athletica during the second quarter worth $414,000. Gateway Investment Advisers LLC bought a new position in Lululemon Athletica during the second quarter worth $6,001,000. Finally, Norman Fields Gottscho Capital Management LLC boosted its position in Lululemon Athletica by 0.9% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 16,242 shares of the apparel retailer’s stock worth $1,200,000 after buying an additional 150 shares in the last quarter. Institutional investors own 91.36% of the company’s stock.

Lululemon Athletica Company Profile

Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.

5 Day Chart for NASDAQ:LULU

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