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

lululemon athletica inc. (NASDAQ:LULU) saw some unusual options trading activity on Thursday. Investors acquired 173,041 put options on the stock. This represents an increase of 174% compared to the typical volume of 63,060 put options.

lululemon athletica Stock Up 1.1%

Shares of NASDAQ LULU opened at $165.78 on Friday. The firm has a market cap of $19.87 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 6.76 and a beta of 1.12. lululemon athletica has a 52-week low of $162.80 and a 52-week high of $423.32. The company’s 50-day simple moving average is $206.37 and its 200-day simple moving average is $260.59.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.24. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. lululemon athletica’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Equities research analysts anticipate that lululemon athletica will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LULU shares. UBS Group reduced their target price on shares of lululemon athletica from $240.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, September 5th. William Blair lowered shares of lululemon athletica from an “outperform” rating to a “market perform” rating in a research report on Friday, September 5th. CICC Research restated a “market perform” rating and set a $280.49 price target on shares of lululemon athletica in a research report on Monday, June 9th. BMO Capital Markets dropped their price target on shares of lululemon athletica from $302.00 to $250.00 and set a “market perform” rating on the stock in a research report on Friday, June 6th. Finally, Piper Sandler dropped their price target on shares of lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $243.17.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value 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 $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On lululemon athletica

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its position in lululemon athletica by 28.8% during the second quarter. Osaic Holdings Inc. now owns 39,299 shares of the apparel retailer’s stock worth $9,678,000 after acquiring an additional 8,797 shares during the last quarter. American Trust raised its stake in lululemon athletica by 16.2% during the second quarter. American Trust now owns 3,474 shares of the apparel retailer’s stock worth $825,000 after purchasing an additional 484 shares during the period. Centaurus Financial Inc. raised its stake in lululemon athletica by 10.1% during the second quarter. Centaurus Financial Inc. now owns 1,405 shares of the apparel retailer’s stock worth $334,000 after purchasing an additional 129 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in lululemon athletica by 21.1% during the second quarter. China Universal Asset Management Co. Ltd. now owns 3,478 shares of the apparel retailer’s stock worth $826,000 after purchasing an additional 606 shares during the period. Finally, Orion Porfolio Solutions LLC raised its stake in lululemon athletica by 12.8% during the second quarter. Orion Porfolio Solutions LLC now owns 11,107 shares of the apparel retailer’s stock worth $2,639,000 after purchasing an additional 1,264 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.