The lululemon athletica inc. Target of Unusually High Options Trading (NASDAQ:LULU) – BangaloreWeekly

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A number of research analysts have recently commented on LULU shares. Vetr lowered shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $69.70 price objective for the company. in a research report on Tuesday, March 7th. Oppenheimer Holdings, Inc. set a $75.00 price objective on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Sunday, March 12th. Royal Bank Of Canada set a $80.00 price target on shares of lululemon athletica inc. and gave the company a “buy” rating in a research note on Monday, March 20th. MKM Partners reaffirmed a “buy” rating and issued a $90.00 price objective on shares of lululemon athletica inc. in a research note on Sunday, March 19th. Finally, Nomura cut their target price on shares of lululemon athletica inc. from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, March 30th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $64.75.

lululemon athletica inc. (NASDAQ:LULU) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 5,329 call options on the company. This represents an increase of 165% compared to the typical volume of 2,013 call options.

lululemon athletica inc. (NASDAQ LULU) opened at 59.67 on Friday. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 28.27 and a beta of 0.15. The stock has a 50 day moving average price of $51.98 and a 200 day moving average price of $59.64. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81. lululemon athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $520.30 million for the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. lululemon athletica inc.’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Analysts expect that lululemon athletica inc. will post $2.33 EPS for the current fiscal year.

In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock. A number of large investors have recently made changes to their positions in the stock. Credit Agricole S A boosted its stake in shares of lululemon athletica inc. by 19.9% in the fourth quarter. Credit Agricole S A now owns 32,963 shares of the apparel retailer’s stock worth $2,143,000 after buying an additional 5,468 shares during the period. Bayesian Capital Management LP acquired a new stake in lululemon athletica inc. during the fourth quarter valued at about $1,839,000. Gideon Capital Advisors Inc. acquired a new stake in lululemon athletica inc. during the fourth quarter valued at about $523,000. Asset Management One Co. Ltd. boosted its stake in lululemon athletica inc. by 381.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 189,647 shares of the apparel retailer’s stock valued at $12,306,000 after buying an additional 150,247 shares during the period. Finally, Aviva PLC boosted its stake in lululemon athletica inc. by 6.6% in the fourth quarter. Aviva PLC now owns 65,006 shares of the apparel retailer’s stock valued at $4,225,000 after buying an additional 4,017 shares during the period. Hedge funds and other institutional investors own 79.88% of the company’s stock.

In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock. 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.