lululemon athletica inc. Sees Unusually Large Options Volume (LULU)

lululemon athletica inc. (NASDAQ:LULU) saw some unusual options trading on Tuesday. Stock investors bought 13,238 call options on the company. This represents an increase of 195% compared to the typical volume of 4,485 call options.

In related news, Director Glenn Murphy bought 97,728 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the purchase, the director now directly owns 100,344 shares in the company, valued at approximately $5,569,092. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. USA Financial Portformulas Corp purchased a new stake in shares of lululemon athletica inc. in the second quarter valued at about $861,000. Grandeur Peak Global Advisors LLC raised its holdings in shares of lululemon athletica inc. by 1,021.5% in the second quarter. Grandeur Peak Global Advisors LLC now owns 79,625 shares of the apparel retailer’s stock valued at $4,751,000 after purchasing an additional 72,525 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of lululemon athletica inc. by 23.0% in the second quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock valued at $311,000 after purchasing an additional 978 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of lululemon athletica inc. by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after purchasing an additional 1,182 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of lululemon athletica inc. in the second quarter valued at about $3,363,000. Institutional investors own 79.58% of the company’s stock.

lululemon athletica inc. (NASDAQ:LULU) traded down 0.85% on Friday, reaching $60.60. 2,418,026 shares of the company traded hands. The firm has a market cap of $8.20 billion, a P/E ratio of 29.25 and a beta of 0.22. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70. The stock has a 50-day moving average price of $60.59 and a 200-day moving average price of $57.17.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. Analysts anticipate that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.

LULU has been the subject of several analyst reports. UBS AG reiterated a “neutral” rating and set a $54.00 price objective (down from $57.00) on shares of lululemon athletica inc. in a research report on Tuesday, May 30th. BMO Capital Markets reiterated a “hold” rating and set a $55.00 price objective on shares of lululemon athletica inc. in a research report on Wednesday. Barclays PLC set a $85.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Finally, Sanford C. Bernstein started coverage on lululemon athletica inc. in a report on Tuesday. They set a “market perform” rating and a $66.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.68.

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lululemon athletica inc. Company Profile

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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