Schaeffer's Trading Floor Blog

Analyst Upgrades: Lululemon Athletica, Travelzoo, and eBay

Analysts upwardly revised their ratings on LULU, TZOO, and EBAY

by 10/4/2012 9:05 AM
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Analysts are weighing in today on yoga apparel retailer Lululemon Athletica inc. (NASDAQ:LULU - 75.02), travel website Travelzoo Inc. (NASDAQ:TZOO - 23.70), and Internet marketplace eBay Inc (NASDAQ:EBAY - 48.59). Here's a quick roundup of today's bullish brokerage notes.

  • LULU -- which boasts a gain of nearly 61% so far this year -- scored a price-target hike to $85 from $80 at Webush this morning. The brokerage firm also reiterated its "outperform" recommendation. Despite this technical strength, the equity's Schaeffer's put/call open interest ratio (SOIR) stands at 1.35, confirming that puts outstrip calls among options slated to expire within the next three months. This ratio arrives in the 73rd annual percentile, meaning near-term traders have been more put-heavy toward the security just 27% of the time during the past year.

  • With third-quarter earnings just around the corner, TZOO saw its price target lifted to $24 from $22 at Benchmark ahead of the opening bell. Even though the equity has declined by about 7% on a year-over-year basis, calls are still the options of choice. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 10-day call/put volume ratio of 87.50, meaning speculators have bought to open a whopping 88 calls for every put during the last two weeks. This ratio is higher than 99% of the past year's readings.

  • As EBAY prepares to reveal quarterly earnings on Oct. 17, the stock was upgraded to "buy" from "neutral" at Nomura today. Meanwhile, Lazard raised its price target to $55 from $52. This bullish attention is hardly surprising, as the equity has climbed more than 60% year-to-date, and has outpaced the broader S&P 500 Index (SPX) by almost 15 percentage points during the past three months. In fact, the security currently sports 16 "strong buys" and five "buy" endorsements, compared to nine "holds" and not a single "sell" recommendation.

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