Lululemon Athletica inc. Target of Unusually High Options Trading (LULU)
Lululemon Athletica inc. (NASDAQ:LULU) was the recipient of some unusual options trading on Friday. Stock investors purchased 16,311 call options on the stock, StockRatingsNetwork.com reports. This represents an increase of approximately 298% compared to the typical daily volume of 4,096 call options.
A number of research firms have recently commented on LULU. Analysts at Sterne Agee upgraded shares of Lululemon Athletica inc. from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $43.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Lululemon Athletica inc. in a research note on Thursday, April 24th. They now have a $43.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Lululemon Athletica inc. in a research note on Thursday, April 24th. They now have a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Lululemon Athletica inc. presently has a consensus rating of “Buy” and a consensus price target of $61.56.
Shares of Lululemon Athletica inc. (NASDAQ:LULU) traded up 3.62% during mid-day trading on Friday, hitting $44.42. The stock had a trading volume of 3,932,764 shares. Lululemon Athletica inc. has a 1-year low of $42.28 and a 1-year high of $82.50. The stock has a 50-day moving average of $45.26 and a 200-day moving average of $52.33. The company has a market cap of $6.456 billion and a price-to-earnings ratio of 22.45.
Lululemon Athletica inc. (NASDAQ:LULU) last released its earnings data on Thursday, March 27th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.03. The company had revenue of $521.00 million for the quarter, compared to the consensus estimate of $516.80 million. During the same quarter last year, the company posted $0.75 earnings per share. Lululemon Athletica inc.’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica inc. will post $1.89 earnings per share for the current fiscal year.
lululemon athletica inc. is a designer and retailer of technical athletic apparel operating primarily in North America and Australia.
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