Lululemon Athletica Sees Unusually Large Options Volume (NASDAQ:LULU)

Lululemon Athletica inc. (NASDAQ:LULU) was the recipient of unusually large options trading on Tuesday. Traders acquired 57,508 call options on the stock. This is an increase of approximately 160% compared to the average volume of 22,118 call options.

A number of research analysts recently weighed in on the company. UBS Group boosted their target price on Lululemon Athletica from $230.00 to $300.00 and gave the stock a “neutral” rating in a report on Friday, June 19th. Barclays decreased their target price on Lululemon Athletica from $210.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. BidaskClub downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Royal Bank of Canada reduced their price target on Lululemon Athletica from $360.00 to $348.00 and set an “outperform” rating for the company in a research note on Friday, June 12th. Finally, Cfra reduced their price target on Lululemon Athletica from $290.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Twelve analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $306.22.

Shares of Lululemon Athletica stock traded up $13.09 during trading on Tuesday, reaching $307.44. 144,978 shares of the company’s stock were exchanged, compared to its average volume of 2,433,035. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.69 and a current ratio of 2.68. Lululemon Athletica has a 1-year low of $128.85 and a 1-year high of $324.76. The company has a market cap of $37.70 billion, a P/E ratio of 71.56, a PEG ratio of 3.61 and a beta of 1.05. The firm’s 50-day moving average price is $287.38 and its 200 day moving average price is $238.12.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 11th. The apparel retailer reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Lululemon Athletica had a return on equity of 33.27% and a net margin of 15.01%. The business had revenue of $651.96 million for the quarter, compared to analyst estimates of $695.98 million. During the same period last year, the firm posted $0.74 EPS. Lululemon Athletica’s quarterly revenue was down 16.7% on a year-over-year basis. As a group, equities research analysts predict that Lululemon Athletica will post 4.37 EPS for the current year.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 135,836 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $220.86, for a total transaction of $30,000,738.96. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $850,752.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis J. Wilson sold 89,455 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $223.58, for a total value of $20,000,348.90. Following the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $861,230.16. The disclosure for this sale can be found here. Insiders have sold a total of 483,883 shares of company stock worth $99,999,851 in the last ninety days. Insiders own 0.32% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LULU. WCM Investment Management LLC increased its holdings in Lululemon Athletica by 102.9% in the 1st quarter. WCM Investment Management LLC now owns 6,685,064 shares of the apparel retailer’s stock worth $1,267,154,000 after purchasing an additional 3,389,604 shares in the last quarter. Norges Bank acquired a new position in Lululemon Athletica in the 4th quarter worth about $278,952,000. Janus Henderson Group PLC increased its holdings in Lululemon Athletica by 100.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,231,289 shares of the apparel retailer’s stock worth $233,389,000 after purchasing an additional 617,015 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Lululemon Athletica by 63.7% in the 1st quarter. 1832 Asset Management L.P. now owns 781,947 shares of the apparel retailer’s stock worth $150,529,000 after purchasing an additional 304,400 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in Lululemon Athletica by 84.1% in the 4th quarter. William Blair Investment Management LLC now owns 603,340 shares of the apparel retailer’s stock worth $139,776,000 after purchasing an additional 275,613 shares in the last quarter. 83.08% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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