What’s Lululemon Athletica inc. Upside After Today’s Bearish Options Activity?

 What's Lululemon Athletica inc. Upside After Today's Bearish Options Activity?

In today’s session Lululemon Athletica inc. (LULU) recorded an unusually high (2,364) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious LULU decrease. With 2,364 contracts traded and 20294 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: LULU161021P00061000 closed last at: $1.5 or 9.1% down. The stock decreased 1.51% or $0.91 during the last trading session, hitting $59.39. About 3.36 million shares traded hands or 16.26% up from the average. Lululemon Athletica inc. (NASDAQ:LULU) has declined 3.89% since March 1, 2016 and is downtrending. It has underperformed by 13.13% the S&P500.

Lululemon Athletica inc. (NASDAQ:LULU) Ratings Coverage

Out of 31 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 18 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 58% are positive. $92 is the highest target while $40 is the lowest. The $66.83 average target is 12.53% above today’s ($59.39) stock price. Lululemon Athletica Inc. has been the topic of 80 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Telsey Advisory Group on Monday, August 15. The rating was downgraded by Zacks to “Hold” on Monday, August 17. The firm has “Hold” rating given on Thursday, December 10 by Canaccord Genuity. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Buy” rating given on Thursday, December 10 by Topeka Capital Markets. The firm has “Buy” rating by SunTrust given on Thursday, March 31. The stock has “Buy” rating given by Citigroup on Thursday, March 31. The rating was maintained by Bernstein with “Market Perform” on Monday, March 28. The firm has “Outperform” rating given on Friday, September 11 by Bernstein. The firm has “Buy” rating given on Saturday, August 29 by Oppenheimer. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, December 10.

Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.33, from 1.12 in 2016Q1. The ratio is negative, as 51 funds sold all Lululemon Athletica inc. shares owned while 113 reduced positions. 36 funds bought stakes while 93 increased positions. They now own 127.50 million shares or 1.01% more from 126.22 million shares in 2016Q1.
The Manitoba – Canada-based Great West Life Assurance Com Can has invested 0.01% in Lululemon Athletica inc. (NASDAQ:LULU). Tiaa Cref Invest Mngmt has 1.21M shares for 0.07% of their US portfolio. Ubs Asset Mngmt Americas holds 0.02% or 254,574 shares in its portfolio. Edge Wealth Mngmt Ltd last reported 110 shares in the company. Tyvor Capital Lc holds 0.32% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 13,421 shares. Capital One National Association has 0.13% invested in the company for 21,919 shares. Capital Intl Limited Ca reported 132,600 shares or 0.71% of all its holdings. Gardner Lewis Asset Management Limited Partnership last reported 37,935 shares in the company. Geneva Advsr Limited Liability Company holds 0.08% or 57,404 shares in its portfolio. First Manhattan Company holds 45 shares or 0% of its portfolio. The Alabama-based Kistler has invested 0% in Lululemon Athletica inc. (NASDAQ:LULU). Moreover, Natl Asset has 0.05% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 3,300 shares. Amer Century Companies Inc holds 651,761 shares or 0.05% of its portfolio. Winslow Capital Lc has 1.22% invested in the company for 4.04 million shares. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma last reported 460 shares in the company.

Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The company has a market cap of $8.05 billion. The Company’s divisions include Company-operated stores, Direct to consumer and Other. It has a 30.46 P/E ratio. The Firm offers a line of apparel and accessories for women, men and female youth.

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