lululemon athletica inc. (NASDAQ:LULU) was the target of some unusual options trading activity on Tuesday. Traders bought 19,122 call options on the stock. This represents an increase of approximately 647% compared to the typical volume of 2,560 call options.

Several research firms have recently commented on LULU. Zacks Investment Research upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Thursday. BidaskClub lowered shares of lululemon athletica inc. from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Vetr upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 price target for the company in a report on Thursday, August 10th. BMO Capital Markets set a $55.00 price target on shares of lululemon athletica inc. and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus lowered shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $60.00 to $66.00 in a report on Tuesday, July 25th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. lululemon athletica inc. currently has an average rating of “Hold” and a consensus price target of $64.75.

lululemon athletica inc. (NASDAQ:LULU) opened at 58.96 on Friday. The firm’s 50-day moving average is $60.41 and its 200 day moving average is $58.07. The stock has a market capitalization of $8.06 billion, a P/E ratio of 27.93 and a beta of 0.25. 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 issued 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 company had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Equities analysts expect that lululemon athletica inc. will post $2.34 EPS for the current year.

In other lululemon athletica inc. news, Director Glenn Murphy purchased 97,728 shares of lululemon athletica inc. stock in a transaction dated Monday, June 26th. The stock was acquired at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now owns 100,344 shares in the company, valued at approximately $5,569,092. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LULU. IHT Wealth Management LLC raised its stake in lululemon athletica inc. by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares in the last quarter. Exane Derivatives acquired a new stake in lululemon athletica inc. during the second quarter valued at approximately $106,000. Mn Services Vermogensbeheer B.V. raised its stake in 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 valued at $142,000 after buying an additional 121 shares in the last quarter. Global X Management Co. LLC raised its stake in lululemon athletica inc. by 39.7% in the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after buying an additional 719 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in 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 in the last quarter. Institutional investors and hedge funds own 80.64% of the company’s stock.

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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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