Could Lululemon Athletica inc. See a Reversal After Today’s Strong Options Activity?

 Could Lululemon Athletica inc. See a Reversal After Today's Strong Options Activity?

In today’s session Lululemon Athletica inc. (LULU) registered an unusually high (3,886) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LULU increase. With 3,886 contracts traded and 37204 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LULU161118C00056000 closed last at: $1.24 or 54.2% down. About 254,817 shares traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has declined 16.32% since April 5, 2016 and is downtrending. It has underperformed by 18.28% 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 18.47% above today’s ($56.41) stock price. Lululemon Athletica Inc. has been the topic of 80 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Credit Suisse maintained it with “Outperform” rating and $60 target price in Tuesday, January 12 report. On Saturday, August 29 the stock rating was maintained by Oppenheimer with “Buy”. M Partners initiated it with “Buy” rating and $69 target price in Thursday, September 17 report. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Hold” rating given on Thursday, March 31 by Deutsche Bank. The firm has “Mkt Perform” rating given on Thursday, December 10 by Bernstein. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Outperform” rating given on Friday, October 16 by Credit Suisse. Wolfe Research maintained it with “Peer Perform” rating and $52 target price in Monday, January 18 report. The rating was maintained by Oppenheimer on Wednesday, March 23 with “Outperform”. The firm has “Underperform” rating given on Monday, November 30 by FBR Capital. The rating was maintained by Citigroup with “Buy” on Friday, September 2.

According to Zacks Investment Research, “lululemon athletica Inc. designs and retails athletic clothing for women, men, and female youth. Its apparel assortment, including items, such as fitness pants, shorts, tops and jackets, is designed for activities such as yoga, running and general fitness. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats, instructional yoga digital versatile discs and water bottles. lululemon athletica Inc. is based in Vancouver, Canada.”

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.
Next Century Growth Limited Liability has 32,678 shares for 0.11% of their US portfolio. Td Asset Management Inc last reported 12,876 shares in the company. Voya Invest Mngmt Lc last reported 0.01% of its portfolio in the stock. One Natl Association has 0.13% invested in the company for 21,919 shares. Commerzbank Aktiengesellschaft Fi holds 0.02% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 35,517 shares. Northern Tru Corporation holds 0.02% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 851,943 shares. Wellington Mngmt Group Limited Liability Partnership last reported 0.01% of its portfolio in the stock. Capital Inc Ca has invested 0.32% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Moreover, Fred Alger has 0% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 8,300 shares. Schwab Charles Investment Mgmt has 303,625 shares for 0.03% of their US portfolio. Invesco holds 0.02% or 705,804 shares in its portfolio. 1832 Asset Management Lp accumulated 0.3% or 1.03M shares. Edgewood Mgmt Limited Liability Co holds 0% or 8,002 shares in its portfolio. Edge Wealth Management Limited Liability accumulated 110 shares or 0% of the stock. Sumitomo Mitsui Tru holds 317,987 shares or 0.04% of its portfolio.

Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The company has a market cap of $7.74 billion. The Company’s divisions include Company-operated stores, Direct to consumer and Other. It has a 28.93 P/E ratio. The Firm offers a line of apparel and accessories for women, men and female youth.

LULU Company Profile

Lululemon Athletica Inc., incorporated on November 21, 2005, is a designer, distributor and retailer of technical athletic apparel. The Company’s divisions include Company-operated stores, Direct to consumer and Other. The Firm offers a line of apparel and accessories for women, men and female youth. The Company’s apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats and water bottles. The Firm conducts its business through two channels: Company-operated stores and direct to consumer.

More recent Lululemon Athletica inc. (NASDAQ:LULU) news were published by: Business.Financialpost.com which released: “Can Lululemon Athletica Inc’s ivivva brand survive where others couldn’t?” on November 03, 2016. Also Investorplace.com published the news titled: “Lululemon Athletica inc: Play the Breakout From the Bottom in LULU Stock” on October 19, 2016. Schaeffersresearch.com‘s news article titled: “Analyst Downgrades: Lululemon Athletica inc., Nike Inc, and Under Armour Inc” with publication date: October 31, 2016 was also an interesting one.

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