In today’s session Lululemon Athletica inc. (LULU) recorded an unusually high (1,007) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious LULU decrease. With 1,007 contracts traded and 21724 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: LULU161216P00057500 closed last at: $3.3 or 16.2% up. About 363,216 shares traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has declined 11.15% since April 27, 2016 and is downtrending. It has underperformed by 16.38% the S&P500.
Analysts await Lululemon Athletica inc. (NASDAQ:LULU) to report earnings on December, 14. They expect $0.43 EPS, up 22.86% or $0.08 from last year’s $0.35 per share. LULU’s profit will be $60.09M for 33.95 P/E if the $0.43 EPS becomes a reality. After $0.38 actual EPS reported by Lululemon Athletica inc. for the previous quarter, Wall Street now forecasts 13.16% EPS growth.
Lululemon Athletica inc. (NASDAQ:LULU) Ratings Coverage
Out of 32 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 17 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 53% are positive. $92 is the highest target while $40 is the lowest. The $66.45 average target is 13.80% above today’s ($58.39) stock price. Lululemon Athletica Inc. has been the topic of 82 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was maintained by DA Davidson on Friday, September 11 with “Neutral”. The company was maintained on Wednesday, December 9 by Mizuho. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Neutral” rating given on Thursday, September 10 by Mizuho. The company was maintained on Thursday, March 31 by UBS. The rating was maintained by UBS with “Neutral” on Friday, September 11. The firm has “Underperform” rating by FBR Capital given on Monday, November 30. The rating was maintained by JP Morgan with “Overweight” on Monday, April 4. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Underperform” rating given on Monday, May 16 by Bank of America. The firm has “Mkt Perform” rating by Bernstein given on Thursday, December 10. The rating was maintained by Canaccord Genuity with “Hold” on Friday, September 11.
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 increased to 1.03 in Q2 2016. Its up 0.24, from 0.79 in 2016Q1. The ratio is positive, 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.
Us Comml Bank De has 0.01% invested in the company for 33,453 shares. Shellback Cap L P reported 238,000 shares or 2.25% of all its holdings. Hudson Bay Capital Mngmt Lp accumulated 35,056 shares or 0.08% of the stock. Clearbridge Invests Limited holds 0% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 2,270 shares. Sumitomo Mitsui Tru accumulated 0.04% or 317,987 shares. Moreover, Trust Department Mb Fincl Bank N A has 0% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 33 shares. Thompson Davis & Inc has 0.01% invested in the company for 125 shares. California State Teachers Retirement owns 205,519 shares or 0.03% of their US portfolio. Whittier Of Nevada last reported 0% of its portfolio in the stock. Mycio Wealth Ptnrs Ltd Llc reported 1,972 shares or 0.03% of all its holdings. Tyvor Ltd owns 13,421 shares or 0.32% of their US portfolio. Assetmark has invested 0% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Westfield Mgmt Com L P reported 574,130 shares or 0.35% of all its holdings. Bnp Paribas Partners accumulated 244,595 shares or 0.15% of the stock. Huntington Retail Bank holds 0% or 1,019 shares in its portfolio.
Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The company has a market cap of $8.16 billion. The Company’s divisions include Company-operated stores, Direct to consumer and Other. It has a 29.95 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 important recent Lululemon Athletica inc. (NASDAQ:LULU) news were published by: Investorplace.com which released: “It’s Time to Try on Lululemon Athletica inc. (LULU) Stock” on November 23, 2016, also Business.Financialpost.com published article titled: “Lululemon Athletica Inc downgraded as product ‘not resonating with consumers'”, Business.Financialpost.com published: “Can Lululemon Athletica Inc’s ivivva brand survive where others couldn’t?” on November 03, 2016. More interesting news about Lululemon Athletica inc. (NASDAQ:LULU) was released by: Seekingalpha.com and their article: “Lululemon Athletica: Stretched Out Spandex” with publication date: November 08, 2016.
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