Traders Buy Large Volume of Put Options on lululemon athletica (NASDAQ:LULU)

lululemon athletica inc. (NASDAQ:LULU) saw unusually large options trading activity on Thursday. Stock traders purchased 78,806 put options on the company. This represents an increase of 113% compared to the average volume of 36,929 put options.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent research reports. Weiss Ratings upgraded lululemon athletica from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 4th. The Goldman Sachs Group decreased their price objective on lululemon athletica from $111.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. Robert W. Baird lowered their price objective on lululemon athletica from $140.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. JPMorgan Chase & Co. cut their target price on shares of lululemon athletica from $154.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Finally, Evercore reduced their target price on shares of lululemon athletica from $175.00 to $130.00 in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $114.08.

Insider Buying and Selling

In other lululemon athletica news, Director Charles Bergh purchased 4,275 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was bought at an average price of $117.05 per share, with a total value of $500,388.75. Following the transaction, the director directly owned 10,365 shares of the company’s stock, valued at approximately $1,213,223.25. This represents a 70.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On lululemon athletica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its position in shares of lululemon athletica by 32.5% during the 2nd quarter. Tidal Investments LLC now owns 43,678 shares of the apparel retailer’s stock worth $4,987,000 after buying an additional 10,725 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of lululemon athletica by 7.4% in the 2nd quarter. Baird Financial Group Inc. now owns 413,412 shares of the apparel retailer’s stock valued at $47,203,000 after buying an additional 28,643 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its position in shares of lululemon athletica by 14.1% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 5,214 shares of the apparel retailer’s stock valued at $595,000 after buying an additional 645 shares during the last quarter. Nykredit A S acquired a new stake in lululemon athletica during the 2nd quarter worth $5,956,000. Finally, HighTower Advisors LLC raised its stake in lululemon athletica by 37.0% during the 2nd quarter. HighTower Advisors LLC now owns 30,841 shares of the apparel retailer’s stock worth $3,521,000 after acquiring an additional 8,336 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Trading Down 2.9%

NASDAQ:LULU traded down $2.85 during trading hours on Thursday, hitting $96.87. The company’s stock had a trading volume of 6,241,872 shares, compared to its average volume of 3,514,091. The stock has a market capitalization of $11.50 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 2.69 and a beta of 0.87. The stock has a fifty day moving average of $117.59 and a 200-day moving average of $134.39. lululemon athletica has a 52-week low of $95.67 and a 52-week high of $225.98.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $1.13. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. lululemon athletica had a return on equity of 27.69% and a net margin of 12.78%.lululemon athletica’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.10 EPS. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. On average, sell-side analysts forecast that lululemon athletica will post 8.72 earnings per share for the current year.

More lululemon athletica News

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: The company’s new CEO, Heidi O’Neill, is beginning a strategic reset that could help address brand, product and regional execution issues over time. LULU’s valuation has also become considerably less demanding after the prolonged selloff. Lululemon’s New CEO Inherits a 52% Stock Collapse
• Positive Sentiment: Citigroup maintained a neutral rating but reduced its price target to $117, which remains above the referenced trading level and suggests some potential recovery if operating trends stabilize.

lululemon athletica Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel, footwear and accessories. The company’s products are developed for activities including yoga, running, training, tennis and other forms of exercise, as well as everyday use. Its offerings include leggings, tops, shorts, outerwear, footwear, bags and fitness accessories for women and men.

Founded in 1998 in Vancouver, British Columbia, lululemon began as a yoga-focused apparel company and has expanded into a broader performance and lifestyle brand.