Stock Traders Purchase High Volume of Put Options on Lululemon Athletica inc. (LULU)
Lululemon Athletica inc. (NASDAQ:LULU) saw some unusual options trading activity on Monday. Traders acquired 4,463 put options on the company, StockRatingsNetwork.com reports. This is an increase of 123% compared to the typical volume of 2,000 put options.
A number of analysts have recently weighed in on LULU shares. Analysts at Deutsche Bank reiterated a “positive” rating on shares of Lululemon Athletica inc. in a research note on Friday, August 8th. Separately, analysts at Susquehanna initiated coverage on shares of Lululemon Athletica inc. in a research note on Thursday, July 31st. They set a “positive” rating and a $49.00 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of Lululemon Athletica inc. from $63.00 to $53.00 in a research note on Monday, June 16th. They now have an “outperform” rating on the stock. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.38.
Lululemon Athletica inc. (NASDAQ:LULU) traded up 0.94% during mid-day trading on Monday, hitting $40.83. 1,769,933 shares of the company’s stock traded hands. Lululemon Athletica inc. has a 1-year low of $36.26 and a 1-year high of $77.75. The stock has a 50-day moving average of $39.16 and a 200-day moving average of $44.94. The company has a market cap of $5.939 billion and a price-to-earnings ratio of 23.52.
Lululemon Athletica inc. (NASDAQ:LULU) last released its earnings data on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.19. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $381.21 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts expect that Lululemon Athletica inc. will post $1.74 EPS 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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