Shares Traders Purchase High Volume of Put Options on Lululemon Athletica inc. (LULU)

Shares Traders Purchase High Volume of Put Options on Lululemon Athletica inc. (LULU)

Lululemon Athletica inc. (NASDAQ:LULU) was the target of unusually large options trading activity on Tuesday. Traders purchased 15,090 put options on the stock. This is an increase of 282% compared to the average daily volume of 3,947 put options.

Several analysts recently issued reports on the stock. Oppenheimer Holdings Inc. set a $75.00 price objective on shares of Lululemon Athletica inc. and gave the stock a “buy” rating in a report on Sunday, March 12th. Pacific Crest downgraded shares of Lululemon Athletica inc. to a “hold” rating in a report on Saturday, February 4th. Stifel Nicolaus decreased their price objective on shares of Lululemon Athletica inc. from $67.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, March 30th. Nomura decreased their price objective on shares of Lululemon Athletica inc. from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 30th. Finally, SunTrust Banks, Inc. set a $69.00 price objective on shares of Lululemon Athletica inc. and gave the stock a “buy” rating in a report on Saturday, April 1st. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica inc. has an average rating of “Hold” and a consensus price target of $65.49.

Lululemon Athletica inc. (NASDAQ LULU) opened at 48.67 on Friday. The stock has a 50 day moving average of $51.16 and a 200 day moving average of $60.35. Lululemon Athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.81. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 22.02 and a beta of 0.23.

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. Lululemon Athletica inc. had a return on equity of 24.32% and a net margin of 12.60%. The business had revenue of $520.30 million during the quarter, compared to the consensus estimate of $513.99 million. During the same quarter last year, the company earned $0.33 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that Lululemon Athletica inc. will post $2.31 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Airain ltd bought a new position in shares of Lululemon Athletica inc. during the third quarter valued at approximately $14,651,000. BlackRock Investment Management LLC increased its position in shares of Lululemon Athletica inc. by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 49,880 shares of the apparel retailer’s stock valued at $3,042,000 after buying an additional 260 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Lululemon Athletica inc. by 3.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 12,410 shares of the apparel retailer’s stock valued at $757,000 after buying an additional 470 shares in the last quarter. AMP Capital Investors Ltd increased its position in shares of Lululemon Athletica inc. by 5.6% in the third quarter. AMP Capital Investors Ltd now owns 31,991 shares of the apparel retailer’s stock valued at $1,951,000 after buying an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Lululemon Athletica inc. by 50.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,529 shares of the apparel retailer’s stock valued at $1,496,000 after buying an additional 8,224 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LULU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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