Delta Investment Management LLC Invests $223,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Delta Investment Management LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 437 shares of the apparel retailer’s stock, valued at approximately $223,000.

Other large investors also recently bought and sold shares of the company. Daymark Wealth Partners LLC grew its stake in Lululemon Athletica by 3.8% during the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock valued at $293,000 after purchasing an additional 21 shares during the last quarter. Simon Quick Advisors LLC grew its stake in Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock valued at $612,000 after purchasing an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc grew its stake in Lululemon Athletica by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock valued at $646,000 after purchasing an additional 23 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in Lululemon Athletica by 11.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 25 shares during the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in Lululemon Athletica by 3.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock valued at $312,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Up 1.3 %

Shares of Lululemon Athletica stock traded up $4.70 during mid-day trading on Friday, reaching $364.70. 1,234,535 shares of the stock traded hands, compared to its average volume of 2,023,414. The business has a 50-day moving average of $410.57 and a 200 day moving average of $438.25. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The stock has a market capitalization of $45.96 billion, a PE ratio of 29.87, a PEG ratio of 1.27 and a beta of 1.30.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup dropped their price target on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. JPMorgan Chase & Co. lowered their target price on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Truist Financial lowered their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Wedbush lowered their target price on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Wells Fargo & Company lowered their target price on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $481.96.

About Lululemon Athletica

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.