lululemon athletica inc. (NASDAQ:LULU) was the recipient of some unusual options trading on Wednesday. Stock traders bought 5,329 call options on the stock. This represents an increase of 165% compared to the average daily volume of 2,013 call options.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Achmea Investment Management B.V. acquired a new position in shares of lululemon athletica inc. during the first quarter valued at approximately $419,000. Janus Capital Management LLC increased its position in shares of lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock valued at $91,706,000 after buying an additional 1,098,057 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new position in shares of lululemon athletica inc. during the first quarter valued at approximately $368,000. OLD Mutual Customised Solutions Proprietary Ltd. increased 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 valued at $182,000 after buying an additional 1,000 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of lululemon athletica inc. by 8.3% in the first quarter. HighTower Advisors LLC now owns 8,526 shares of the apparel retailer’s stock valued at $441,000 after buying an additional 657 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of lululemon athletica inc. (NASDAQ LULU) traded up 1.55% during mid-day trading on Wednesday, hitting $53.20. The company had a trading volume of 1,712,121 shares. The firm has a market cap of $7.27 billion, a PE ratio of 25.20 and a beta of 0.15. The firm’s 50 day moving average is $51.19 and its 200-day moving average is $60.10. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $81.81.

lululemon athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million for the quarter, compared to the consensus estimate of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. lululemon athletica inc.’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. On average, equities analysts expect that lululemon athletica inc. will post $2.33 EPS for the current year.

Several research firms recently commented on LULU. Oppenheimer Holdings, Inc. set a $75.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a research note on Sunday, March 12th. Nomura dropped their target price on lululemon athletica inc. from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 30th. Stifel Nicolaus dropped their target price on lululemon athletica inc. from $67.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, March 30th. SunTrust Banks, Inc. set a $69.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a research note on Saturday, April 1st. Finally, Barclays PLC set a $85.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a research note on Saturday, June 3rd. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $64.65.

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lululemon athletica inc. Company Profile

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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