Lululemon Athletica inc. Sees Unusually Large Options Volume (LULU)
Lululemon Athletica inc. (NASDAQ:LULU) was the target of some unusual options trading activity on Tuesday. Stock traders purchased 15,090 put options on the company. This is an increase of 282% compared to the average volume of 3,947 put options.
A number of equities research analysts have recently issued reports on LULU shares. Stifel Nicolaus reduced their price target on shares of Lululemon Athletica inc. from $67.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, March 30th. Cowen and Company set a $64.00 price target on shares of Lululemon Athletica inc. and gave the company a “buy” rating in a research note on Thursday, April 20th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $57.00 price target (down from $82.00) on shares of Lululemon Athletica inc. in a research note on Thursday, March 30th. Vetr downgraded shares of Lululemon Athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 price target on the stock. in a research note on Wednesday, May 10th. Finally, Wedbush reissued an “outperform” rating and issued a $81.00 price target on shares of Lululemon Athletica inc. in a research note on Tuesday, March 28th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lululemon Athletica inc. presently has an average rating of “Hold” and a consensus target price of $65.49.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Lululemon Athletica inc. by 2.9% in the fourth quarter. Van ECK Associates Corp now owns 1,609 shares of the apparel retailer’s stock worth $105,000 after buying an additional 46 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Lululemon Athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Lululemon Athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after buying an additional 1,000 shares during the period. Pacific Global Investment Management CO acquired a new position in shares of Lululemon Athletica inc. during the fourth quarter worth approximately $201,000. Finally, Suntrust Banks Inc. acquired a new position in shares of Lululemon Athletica inc. during the first quarter worth approximately $206,000. Institutional investors own 85.19% of the company’s stock.
Shares of Lululemon Athletica inc. (LULU) opened at 48.67 on Friday. Lululemon Athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.81. The company’s 50-day moving average is $51.16 and its 200-day moving average is $60.35. The firm has a market cap of $6.67 billion, a PE ratio of 22.02 and a beta of 0.23.
Lululemon Athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. Lululemon Athletica inc. had a return on equity of 24.32% and a net margin of 12.60%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Analysts forecast that Lululemon Athletica inc. will post $2.31 EPS for the current fiscal year.
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About Lululemon Athletica inc.
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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