Investors Purchase High Volume of lululemon athletica inc. Call Options (LULU)

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock worth $266,888,000 after buying an additional 5,040,109 shares during the period. Norges Bank acquired a new position in shares of lululemon athletica inc. during the fourth quarter worth about $78,954,000. Janus Capital Management LLC raised its position in shares of lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock worth $91,706,000 after buying an additional 1,098,057 shares during the period. Renaissance Technologies LLC raised its position in shares of lululemon athletica inc. by 172.4% in the first quarter. Renaissance Technologies LLC now owns 1,197,100 shares of the apparel retailer’s stock worth $62,094,000 after buying an additional 757,600 shares during the period. Finally, HS Management Partners LLC raised its position in shares of lululemon athletica inc. by 17.9% in the first quarter. HS Management Partners LLC now owns 2,034,286 shares of the apparel retailer’s stock worth $105,518,000 after buying an additional 309,212 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

A number of equities analysts recently commented on the stock. Telsey Advisory Group decreased their price objective on shares of lululemon athletica inc. from $92.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, March 30th. Citigroup Inc. lowered shares of lululemon athletica inc. from a “buy” rating to a “neutral” rating in a research note on Thursday, March 30th. Wells Fargo & Company lowered shares of lululemon athletica inc. from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $79.00 to $49.50 in a research note on Thursday, March 30th. Bank of America Corporation lowered shares of lululemon athletica inc. from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 30th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $57.00 price objective (down previously from $82.00) on shares of lululemon athletica inc. in a research note on Thursday, March 30th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $64.65.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 52.97 on Friday. The company has a market capitalization of $7.24 billion, a P/E ratio of 25.09 and a beta of 0.15. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81. The company’s 50 day moving average is $51.23 and its 200-day moving average is $59.97.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $520.30 million during the quarter, compared to analyst estimates of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. On average, equities research analysts forecast that lululemon athletica inc. will post $2.33 EPS for the current year.

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About lululemon athletica inc.

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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