Delta Investment Management LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Delta Investment Management LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 437 shares of the apparel retailer’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rockline Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. grew its position in shares of Lululemon Athletica by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock worth $73,248,000 after buying an additional 44,141 shares during the period. Blair William & Co. IL grew its position in shares of Lululemon Athletica by 1.9% during the 3rd quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after buying an additional 5,403 shares during the period. HB Wealth Management LLC grew its position in shares of Lululemon Athletica by 10.9% during the 4th quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock worth $871,000 after buying an additional 168 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Lululemon Athletica by 42.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock worth $1,386,000 after buying an additional 805 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LULU shares. Sanford C. Bernstein reduced their price objective on shares of Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating for the company in a research report on Friday. Robert W. Baird reduced their price objective on shares of Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $539.00 target price (down from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $445.00 target price (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Finally, Evercore ISI cut their target price on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $481.96.

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Price Performance

LULU stock traded up $4.70 during mid-day trading on Friday, reaching $364.70. 1,234,535 shares of the company traded hands, compared to its average volume of 2,023,414. The company has a market capitalization of $45.96 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.27 and a beta of 1.30. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39. The company has a fifty day moving average price of $410.57 and a 200-day moving average price of $438.25.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the company posted $4.40 EPS. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.