lululemon athletica inc. $LULU Shares Purchased by Delta Global Management LP

Key Points

• Delta Global Management LP boosted its lululemon stake by 83.2%, buying an additional 6,694 shares to hold 14,739 shares worth about $2.62 million at quarter-end.
• Insider Celeste Burgoyne sold 13,511 shares on Dec. 16 for roughly $2.76 million, cutting her position by 71.8% and leaving insiders with about 0.54% ownership.
• Wall Street’s consensus is a "Hold" with a $223.40 average price target, while the stock trades near its 52-week low (around $157.78) and has a market cap of about $18.5 billion.

Delta Global Management LP lifted its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 83.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,739 shares of the apparel retailer's stock after purchasing an additional 6,694 shares during the quarter. Delta Global Management LP's holdings in lululemon athletica were worth $2,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of lululemon athletica by 464.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer's stock valued at $34,000 after buying an additional 116 shares during the period. Cornerstone Planning Group LLC raised its position in shares of lululemon athletica by 81.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer's stock valued at $25,000 after buying an additional 68 shares during the period. Murphy & Mullick Capital Management Corp raised its position in shares of lululemon athletica by 187.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer's stock valued at $27,000 after buying an additional 105 shares during the period. Tradewinds Capital Management LLC lifted its holdings in lululemon athletica by 18,400.0% in the third quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 184 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in lululemon athletica by 129.4% in the third quarter. Golden State Wealth Management LLC now owns 195 shares of the apparel retailer's stock valued at $35,000 after acquiring an additional 110 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on LULU. Robert W. Baird raised their target price on lululemon athletica from $195.00 to $210.00 and gave the stock a "neutral" rating in a research note on Friday, December 12th. UBS Group decreased their price target on lululemon athletica from $206.00 to $189.00 and set a "neutral" rating on the stock in a research note on Monday, March 9th. Telsey Advisory Group reiterated a "market perform" rating and set a $215.00 price target on shares of lululemon athletica in a report on Tuesday, March 10th. BNP Paribas Exane cut their price objective on lululemon athletica from $230.00 to $206.00 and set a "neutral" rating for the company in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of lululemon athletica from $203.00 to $209.00 and gave the company a "neutral" rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, lululemon athletica currently has a consensus rating of "Hold" and a consensus price target of $223.40.

Insider Transactions at lululemon athletica

In related news, insider Celeste Burgoyne sold 13,511 shares of the firm's stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the transaction, the insider directly owned 5,318 shares in the company, valued at $1,084,872. This trade represents a 71.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.54% of the company's stock.

lululemon athletica Stock Down 0.3%

NASDAQ:LULU opened at $157.78 on Monday. The stock's fifty day moving average is $184.18 and its two-hundred day moving average is $182.23. lululemon athletica inc. has a 52 week low of $156.64 and a 52 week high of $348.50. The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 9.96 and a beta of 1.00.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping the consensus estimate of $2.22 by $0.37. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $2.53 earnings per share. On average, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

lululemon athletica News Roundup

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Product and brand strength highlighted in lifestyle coverage supports demand resilience for lululemon’s core apparel and technical leggings, reinforcing the company’s premium positioning. I work out daily—Lululemon, Brooks, Vuori and more keep me cool and comfortable while in motion
• Positive Sentiment: Coverage that includes LULU among “cash-producing” stocks underscores the company’s ability to generate cash, a plus for flexibility on buybacks, investment or weathering slower comps. 3 Cash-Producing Stocks to Research Further
• Neutral Sentiment: Quarterly outlook and estimate roundups (Wall Street metrics for Q4/FY) provide detail investors will watch for signs of margin recovery, wholesale trends and Outerknown/men’s/growth initiatives; these are informational but could move the stock when compared to company guidance. Unveiling Lululemon (LULU) Q4 Outlook: Wall Street Estimates for Key Metrics
• Negative Sentiment: Founder Chip Wilson publicly urged CEO candidates to beware an “unfit” board and called for board refreshment, escalating governance concerns during the CEO search; as a large shareholder, his comments raise investor uncertainty about leadership, strategy continuity and potential proxy tensions. Chip Wilson to lululemon CEO Candidates: Beware a Board Unfit to Support Visionary Leadership
• Negative Sentiment: Telsey Advisory Group assigned a Market Perform rating, which signals tepid near-term expectations from a sell-side perspective and can weigh on sentiment until clearer evidence of top-line acceleration or margin improvement appears. lululemon athletica NASDAQ: LULU Earns Market Perform Rating from Telsey Advisory Group

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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