Lululemon Sees Unusually High Options Volume (LULU)
Shares of Lululemon (NASDAQ:LULU) saw some unusual options trading activity on Wednesday. Investors purchased 51,616 put options on the company, Analyst Ratings.Net reports. This is an increase of approximately 542% compared to the typical volume of 8,046 put options.
LULU has been the subject of a number of recent research reports. Analysts at Deutsche Bank initiated coverage on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Wednesday. They set a “hold” rating and a $65.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Monday. They set a “buy” rating and a $69.49 price target on the stock. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Lululemon (NASDAQ:LULU) from $87.00 to $79.00 in a research note to investors on Monday. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $75.17.
Lululemon (NASDAQ:LULU) traded down 1.50% on Wednesday, hitting $69.02. 4,351,164 shares of the company’s stock traded hands. Lululemon has a 1-year low of $59.60 and a 1-year high of $82.50. The stock has a 50-day moving average of $70.80 and a 200-day moving average of $70.28. The company has a market cap of $9.977 billion and a price-to-earnings ratio of 37.88.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.
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