lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Morgan Stanley in a research note issued on Friday. They currently have a $61.00 price target on the apparel retailer’s stock, up from their prior price target of $58.00. Morgan Stanley’s price objective indicates a potential downside of 1.10% from the stock’s current price.

A number of other analysts also recently issued reports on LULU. Vetr downgraded lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 price objective for the company. in a research report on Wednesday, May 10th. Berenberg Bank initiated coverage on lululemon athletica inc. in a research report on Tuesday, May 16th. They set a “hold” rating and a $54.00 price objective for the company. Credit Suisse Group reissued a “hold” rating and set a $56.00 price objective on shares of lululemon athletica inc. in a research report on Wednesday, May 17th. Zacks Investment Research downgraded lululemon athletica inc. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Finally, Canaccord Genuity reissued a “sell” rating and set a $41.00 price objective on shares of lululemon athletica inc. in a research report on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.13.

lululemon athletica inc. (LULU) traded up 7.19% on Friday, reaching $61.69. 11,463,173 shares of the company’s stock were exchanged. The firm has a market cap of $8.43 billion, a PE ratio of 29.22 and a beta of 0.25. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. The firm has a 50 day moving average price of $60.41 and a 200 day moving average price of $57.53. lululemon athletica inc. also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 13,238 call options on the company. This is an increase of 195% compared to the typical volume of 4,485 call options.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a return on equity of 23.54% and a net margin of 12.21%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. On average, equities analysts anticipate that lululemon athletica inc. will post $2.35 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/01/morgan-stanley-reaffirms-equal-weight-rating-for-lululemon-athletica-inc-lulu.html.

In other lululemon athletica inc. news, Director Glenn Murphy bought 97,728 shares of lululemon athletica inc. stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the transaction, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock worth $266,888,000 after buying an additional 5,040,109 shares during the period. Janus Henderson Group PLC increased its position in lululemon athletica inc. by 16,053.2% in the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after buying an additional 2,598,364 shares during the period. Eaton Vance Management purchased a new position in lululemon athletica inc. during the second quarter worth approximately $126,967,000. Lazard Asset Management LLC purchased a new position in lululemon athletica inc. during the second quarter worth approximately $94,181,000. Finally, Janus Capital Management LLC increased its position in lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock worth $91,706,000 after buying an additional 1,098,057 shares during the period. Institutional investors own 79.56% of the company’s stock.

About lululemon athletica inc.

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

Receive News & Stock Ratings for lululemon athletica inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica inc. and related stocks with our FREE daily email newsletter.