Lululemon Athletica inc. (NASDAQ:LULU) Shares Sold by Delta Investment Management LLC

Delta Investment Management LLC cut its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,101 shares of the apparel retailer’s stock after selling 1,846 shares during the quarter. Delta Investment Management LLC’s holdings in Lululemon Athletica were worth $2,137,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Next Capital Management LLC raised its stake in shares of Lululemon Athletica by 15.6% during the 2nd quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after buying an additional 59 shares during the period. Commonwealth Bank of Australia raised its stake in shares of Lululemon Athletica by 35.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock worth $45,000 after buying an additional 68 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Lululemon Athletica by 70.0% during the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after buying an additional 70 shares during the period. Advantage Investment Management LLC raised its stake in shares of Lululemon Athletica by 9.4% during the 2nd quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock worth $153,000 after buying an additional 73 shares during the period. Finally, West Oak Capital LLC raised its stake in shares of Lululemon Athletica by 60.0% during the 3rd quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock worth $39,000 after buying an additional 75 shares during the period. 80.38% of the stock is owned by institutional investors.

In related news, Director Dennis J. Wilson sold 110,629 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $704,415.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis J. Wilson sold 99,133 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $201.79, for a total value of $20,004,048.07. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $777,295.08. The disclosure for this sale can be found here. Insiders have sold a total of 420,548 shares of company stock valued at $79,395,186 over the last 90 days. 0.34% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on LULU. Telsey Advisory Group upped their target price on Lululemon Athletica from $205.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Guggenheim reaffirmed a “buy” rating and set a $220.00 target price on shares of Lululemon Athletica in a research note on Thursday, September 5th. Morgan Stanley upped their target price on Lululemon Athletica from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Susquehanna Bancshares set a $222.00 target price on Lululemon Athletica and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Lululemon Athletica in a research note on Friday, September 6th. Fourteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $211.79.

NASDAQ LULU opened at $204.13 on Friday. The business has a fifty day moving average price of $198.53 and a 200 day moving average price of $185.33. Lululemon Athletica inc. has a one year low of $110.71 and a one year high of $209.02. The company has a market cap of $25.32 billion, a P/E ratio of 53.16, a P/E/G ratio of 2.26 and a beta of 0.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The company had revenue of $883.35 million during the quarter, compared to analysts’ expectations of $845.03 million. During the same period last year, the business posted $0.71 EPS. Lululemon Athletica’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts predict that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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