In recent trading sessions, Lululemon (LULU, Financial) has experienced significant bullish momentum in its options market, with approximately 12,747 call contracts changing hands. This is about 1.2 times the usual activity, indicating increased investor interest ahead of the company's upcoming earnings report on June 12th.
The implied volatility for Lululemon's options has also risen by over two points, reaching 51.87%. This uptick suggests that traders expect notable price movement in the stock. Among the most sought-after options are the August 25th 380 calls and the April 25th weekly 270 calls, which together have a robust volume of nearly 3,400 contracts.
The Put/Call Ratio currently stands at 0.28, highlighting a predominant tilt towards call options over puts. This ratio further supports the bullish sentiment as investors anticipate potential gains in Lululemon's stock price leading up to the earnings announcement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 30 analysts, the average target price for Lululemon Athletica Inc (LULU, Financial) is $339.25 with a high estimate of $500.00 and a low estimate of $194.00. The average target implies an upside of 29.69% from the current price of $261.58. More detailed estimate data can be found on the Lululemon Athletica Inc (LULU) Forecast page.
Based on the consensus recommendation from 35 brokerage firms, Lululemon Athletica Inc's (LULU, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lululemon Athletica Inc (LULU, Financial) in one year is $522.34, suggesting a upside of 99.69% from the current price of $261.58. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lululemon Athletica Inc (LULU) Summary page.
