Investors Buy Large Volume of lululemon athletica inc. Put Options (LULU)
lululemon athletica inc. (NASDAQ:LULU) was the target of unusually large options trading on Tuesday. Investors acquired 14,992 put options on the stock. This represents an increase of 147% compared to the average daily volume of 6,070 put options.
In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the transaction, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in lululemon athletica inc. by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after acquiring an additional 233,035 shares in the last quarter. BlackRock Inc. lifted its position in lululemon athletica inc. by 4.4% in the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after acquiring an additional 228,068 shares in the last quarter. HS Management Partners LLC lifted its position in lululemon athletica inc. by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after acquiring an additional 741,200 shares in the last quarter. Janus Henderson Group PLC lifted its position in lululemon athletica inc. by 16,053.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after acquiring an additional 2,598,364 shares in the last quarter. Finally, Eaton Vance Management bought a new position in lululemon athletica inc. in the 2nd quarter valued at approximately $126,967,000. 79.58% of the stock is currently owned by institutional investors and hedge funds.
LULU has been the subject of several recent analyst reports. Vetr upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $54.75 price objective for the company in a research report on Tuesday, May 16th. Zacks Investment Research downgraded lululemon athletica inc. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Credit Suisse Group restated a “hold” rating and set a $56.00 price objective on shares of lululemon athletica inc. in a research report on Wednesday, May 17th. Canaccord Genuity set a $41.00 price objective on lululemon athletica inc. and gave the stock a “sell” rating in a research report on Tuesday, August 29th. Finally, Berenberg Bank initiated coverage on lululemon athletica inc. in a research report on Tuesday, May 16th. They set a “hold” rating and a $54.00 price objective for the company. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. lululemon athletica inc. has an average rating of “Hold” and an average price target of $65.68.
lululemon athletica inc. (NASDAQ LULU) opened at 61.30 on Friday. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 29.04 and a beta of 0.22. The stock has a 50 day moving average price of $60.60 and a 200-day moving average price of $57.30.
lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The firm had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. During the same period in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts predict that lululemon athletica inc. will post $2.40 EPS for the current fiscal year.
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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