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

Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) saw unusually large options trading on Thursday. Investors acquired 121,393 put options on the stock. This is an increase of approximately 403% compared to the average daily volume of 24,131 put options.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LULU shares. Stifel Nicolaus decreased their price objective on Lululemon Athletica from $353.00 to $324.00 and set a "buy" rating for the company in a report on Friday, June 6th. Needham & Company LLC dropped their price target on Lululemon Athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research report on Friday, June 6th. KeyCorp dropped their price target on Lululemon Athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, June 6th. Morgan Stanley restated an "equal weight" rating and issued a $280.00 target price (down previously from $346.00) on shares of Lululemon Athletica in a research report on Monday. Finally, Piper Sandler lifted their price target on Lululemon Athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $340.26.

Lululemon Athletica Stock Down 2.1%

Shares of NASDAQ LULU traded down $5.25 during trading on Thursday, reaching $247.03. The company had a trading volume of 4,153,792 shares, compared to its average volume of 2,208,691. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $423.32. The stock has a market cap of $29.80 billion, a PE ratio of 17.84, a P/E/G ratio of 2.22 and a beta of 1.26. The business's 50-day moving average is $285.28 and its 200 day moving average is $336.70.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $2.54 EPS. The business's quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Lululemon Athletica by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after purchasing an additional 157,764 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Lululemon Athletica by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock worth $1,418,389,000 after purchasing an additional 162,295 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Lululemon Athletica by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock worth $1,356,507,000 after purchasing an additional 394,706 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after purchasing an additional 10,461 shares during the period. Finally, Capital World Investors boosted its holdings in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares during the period. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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