Stock Traders Purchase Large Volume of lululemon athletica inc. Call Options (LULU)

lululemon athletica inc. (NASDAQ:LULU) saw some unusual options trading 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.

LULU has been the subject of several recent analyst reports. Cowen and Company set a $64.00 price target on lululemon athletica inc. and gave the company a “buy” rating in a report on Thursday, April 20th. Vetr cut lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 price target for the company. in a report on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $56.00 price objective on shares of lululemon athletica inc. in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 price objective (up from $58.00) on shares of lululemon athletica inc. in a research note on Saturday, June 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $58.00 price objective (up from $56.00) on shares of lululemon athletica inc. in a research note on Friday, June 2nd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $64.75.

In other lululemon athletica inc. news, Director Glenn Murphy purchased 97,728 shares of the stock in a transaction on Monday, June 26th. The stock was bought at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of LULU. Xact Kapitalforvaltning AB boosted its stake in lululemon athletica inc. by 21.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,832 shares of the apparel retailer’s stock worth $925,000 after buying an additional 3,189 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in lululemon athletica inc. by 8.5% in the first quarter. Rothschild Investment Corp IL now owns 6,400 shares of the apparel retailer’s stock worth $332,000 after buying an additional 500 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in lululemon athletica inc. by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after buying an additional 28,686 shares in the last quarter. CIBC World Markets Inc. boosted its stake in lululemon athletica inc. by 6.6% in the first quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock worth $578,000 after buying an additional 688 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in lululemon athletica inc. by 49.1% in the first quarter. Stifel Financial Corp now owns 23,401 shares of the apparel retailer’s stock worth $1,207,000 after buying an additional 7,701 shares in the last quarter. 80.64% of the stock is owned by institutional investors and hedge funds.

lululemon athletica inc. (NASDAQ:LULU) opened at 58.96 on Friday. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.81. The company’s 50-day moving average price is $60.41 and its 200-day moving average price is $58.07. The company has a market capitalization of $8.06 billion, a P/E ratio of 27.93 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. During the same period in the prior year, the firm posted $0.33 EPS. lululemon athletica inc.’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that lululemon athletica inc. will post $2.34 EPS for the current fiscal year.

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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.

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