Lululemon Target of Unusually Large Options Trading (LULU)
Lululemon (NASDAQ:LULU) was the target of unusually large options trading on Monday. Stock investors acquired 17,385 put options on the stock, Stock Ratings Network.com reports. This represents an increase of 105% compared to the typical daily volume of 8,496 put options.
LULU has been the subject of a number of recent research reports. Analysts at Wedbush cut their price target on shares of Lululemon from $68.00 to $55.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Davidson cut their price target on shares of Lululemon from $73.00 to $64.00 in a research note to investors on Tuesday, January 14th. Finally, analysts at Cowen and Company cut their price target on shares of Lululemon from $90.00 to $48.00 in a research note to investors on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $70.06.
Lululemon (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 12th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.04. The company had revenue of $379.90 million for the quarter, compared to the consensus estimate of $376.20 million. During the same quarter last year, the company posted $0.39 earnings per share. Lululemon’s revenue was up 20.0% compared to the same quarter last year.
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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