Stock Traders Buy High Volume of Put Options on Lululemon Athletica (NASDAQ:LULU)

Lululemon Athletica Inc. (NASDAQ:LULU) saw unusually large options trading on Thursday. Stock traders acquired 73,786 put options on the company. This is an increase of 106% compared to the average daily volume of 35,735 put options.

Analyst Ratings Changes

A number of analysts have recently issued reports on LULU shares. Barclays reduced their target price on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $445.00 price target (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Wells Fargo & Company decreased their price objective on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group cut their target price on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a research note on Thursday, April 4th. Finally, Evercore ISI lowered their target price on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $485.39.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LULU. Deltec Asset Management LLC purchased a new stake in shares of Lululemon Athletica during the first quarter valued at about $586,000. Silverleafe Capital Partners LLC raised its holdings in shares of Lululemon Athletica by 54.5% during the 1st quarter. Silverleafe Capital Partners LLC now owns 1,700 shares of the apparel retailer’s stock worth $664,000 after acquiring an additional 600 shares during the period. Asio Capital LLC increased its position in shares of Lululemon Athletica by 6.7% during the 1st quarter. Asio Capital LLC now owns 5,622 shares of the apparel retailer’s stock worth $2,196,000 after purchasing an additional 352 shares during the last quarter. Dohj LLC grew its position in Lululemon Athletica by 3.5% in the 1st quarter. Dohj LLC now owns 2,063 shares of the apparel retailer’s stock valued at $806,000 after acquiring an additional 70 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its position in shares of Lululemon Athletica by 21.7% during the first quarter. 180 Wealth Advisors LLC now owns 1,354 shares of the apparel retailer’s stock worth $529,000 after buying an additional 241 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Up 1.7 %

Shares of LULU stock opened at $344.86 on Thursday. The company has a 50 day moving average price of $424.95 and a 200-day moving average price of $439.26. Lululemon Athletica has a 52 week low of $326.93 and a 52 week high of $516.39. The firm has a market capitalization of $43.46 billion, a PE ratio of 28.24, a P/E/G ratio of 1.18 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the firm earned $4.40 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts anticipate that Lululemon Athletica will post 14.15 earnings per share for the current year.

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.