Lululemon Athletica Target of Unusually High Options Trading (NASDAQ:LULU)

Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors bought 38,342 call options on the company. This is an increase of approximately 64% compared to the average volume of 23,384 call options.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Lululemon Athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Needham & Company LLC cut their target price on shares of Lululemon Athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $280.00 price objective (down from $346.00) on shares of Lululemon Athletica in a research note on Monday, June 9th. KeyCorp cut their price target on shares of Lululemon Athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $385.00 price target on shares of Lululemon Athletica in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica has an average rating of "Moderate Buy" and an average target price of $340.26.

Lululemon Athletica Trading Down 3.2%

Lululemon Athletica stock traded down $7.92 during mid-day trading on Friday, hitting $239.11. The stock had a trading volume of 4,511,966 shares, compared to its average volume of 2,216,630. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market capitalization of $28.66 billion, a PE ratio of 17.26, a P/E/G ratio of 2.22 and a beta of 1.26. The stock has a 50-day simple moving average of $284.75 and a two-hundred day simple moving average of $335.60.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its 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. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.54 EPS. Sell-side analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Trading of Lululemon Athletica

A number of institutional investors have recently modified their holdings of LULU. Investment Partners Asset Management Inc. bought a new position in Lululemon Athletica in the fourth quarter valued at about $275,000. Nutshell Asset Management Ltd acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $956,000. Montag A & Associates Inc. grew its stake in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock valued at $1,627,000 after acquiring an additional 3,540 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $17,775,000. Finally, Aigen Investment Management LP acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $2,229,000. 85.20% of the stock is currently owned by institutional investors.

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.