Morgan Stanley Maintains a Hold Rating on Lululemon Athletica Inc (LULU)

By Carrie Williams

In a report released today, Kimberly Greenberger from Morgan Stanley maintained a Hold rating on Lululemon Athletica Inc (LULUResearch Report), with a price target of $150. The company’s shares closed yesterday at $146.80.

According to TipRanks.com, Greenberger is a 4-star analyst with an average return of 9.0% and a 57.5% success rate. Greenberger covers the Services sector, focusing on stocks such as Capri Holdings Limited, Abercrombie Fitch, and Burlington Stores.

Lululemon Athletica Inc has an analyst consensus of Moderate Buy, with a price target consensus of $175.11, representing a 19.3% upside. In a report issued on March 22, Wedbush also downgraded the stock to Hold with a $155 price target.

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The company has a one-year high of $164.79 and a one-year low of $86.32. Currently, Lululemon Athletica Inc has an average volume of 2.07M.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.

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lululemon athletica, Inc. engages in the design, distribution, and retail of athletic apparel and accessories. It company operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize athletic wear for female youth.