lululemon athletica Sees Unusually High Options Volume (NASDAQ:LULU)

lululemon athletica inc. (NASDAQ:LULU - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 46,997 call options on the stock. This is an increase of approximately 43% compared to the typical daily volume of 32,771 call options.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Raymond James Financial reissued a "market perform" rating and issued a $430.00 price target on shares of lululemon athletica in a research note on Friday, March 28th. KeyCorp decreased their price objective on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Morgan Stanley reiterated an "equal weight" rating and issued a $280.00 price objective (down from $346.00) on shares of lululemon athletica in a research report on Monday, June 9th. Needham & Company LLC reduced their target price on lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Finally, Truist Financial decreased their price target on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.26.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU traded up $1.41 during trading on Friday, hitting $247.71. The company's stock had a trading volume of 1,646,311 shares, compared to its average volume of 2,323,377. The business has a 50 day moving average price of $277.60 and a two-hundred day moving average price of $322.21. The company has a market capitalization of $29.69 billion, a PE ratio of 16.78, a P/E/G ratio of 2.10 and a beta of 1.17. lululemon athletica has a fifty-two week low of $219.97 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released 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. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business posted $2.54 earnings per share. lululemon athletica's revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On lululemon athletica

Several hedge funds and other institutional investors have recently made changes to their positions in LULU. Narwhal Capital Management raised its holdings in lululemon athletica by 262.7% in the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after acquiring an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of lululemon athletica during the 1st quarter worth $9,209,000. Bender Robert & Associates grew its stake in shares of lululemon athletica by 18.5% during the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock worth $12,727,000 after purchasing an additional 7,028 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new position in lululemon athletica in the first quarter valued at $1,898,000. Finally, Boston Trust Walden Corp increased its holdings in lululemon athletica by 3.8% in the first quarter. Boston Trust Walden Corp now owns 146,630 shares of the apparel retailer's stock valued at $41,505,000 after buying an additional 5,363 shares during the last quarter. Hedge funds and other 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.