Hhr Asset Management Lowers stake in Lululemon Athletica (LULU)

Lululemon Athletica (LULU) : Hhr Asset Management reduced its stake in Lululemon Athletica by 19.38% during the most recent quarter end. The investment management company now holds a total of 1,432,422 shares of Lululemon Athletica which is valued at $88.2 Million after selling 344,330 shares in Lululemon Athletica , the firm said in a disclosure report filed with the SEC on May 13, 2016.Lululemon Athletica makes up approximately 4.27% of Hhr Asset Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in LULU in the latest quarter, The investment management firm added 84,331 additional shares and now holds a total of 6,917,816 shares of Lululemon Athletica which is valued at $426 Million. Lululemon Athletica makes up approx 0.03% of Vanguard Group Inc’s portfolio.Ubs Asset Management Americas Inc reduced its stake in LULU by selling 6,610 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 237,010 shares of LULU which is valued at $14.6 Million. Lululemon Athletica makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio. Cg Asset Management added LULU to its portfolio by purchasing 11,575 company shares during the most recent quarter which is valued at $712,789. Lululemon Athletica makes up approx 0.29% of Cg Asset Management’s portfolio.Quantitative Investment Management reduced its stake in LULU by selling 26,100 shares or 37.39% in the most recent quarter. The Hedge Fund company now holds 43,700 shares of LULU which is valued at $2.7 Million. Lululemon Athletica makes up approx 0.13% of Quantitative Investment Management’s portfolio.Nordea Investment Management Ab boosted its stake in LULU in the latest quarter, The investment management firm added 295 additional shares and now holds a total of 3,123 shares of Lululemon Athletica which is valued at $204,713.

Lululemon Athletica closed down -0.01 points or -0.02% at $63.15 with 10,92,598 shares getting traded on Wednesday. Post opening the session at $62.79, the shares hit an intraday low of $62.55 and an intraday high of $63.43 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Lululemon Athletica reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 30, 2016. Analyst had a consensus of $0.80. The company had revenue of $704.30 million for the quarter, compared to analysts expectations of $693.83 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Lululemon Athletica. BofA/Merrill Resumed Lululemon Athletica on May 16, 2016 to “Underperform”, Price Target of the shares are set at $50.Company shares were Reiterated by MKM Partners on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 77 from a previous price target of $69 .Company shares were Reiterated by UBS on Mar 31, 2016 to “Neutral”, Firm has raised the Price Target to $ 69 from a previous price target of $60 .

lululemon athletica inc. is a designer and retailer of technical athletic apparel. The Company offers a line of apparel and accessories for women men and female youth. Its apparel assortment includes items such as pants shorts tops and jackets designed for healthy lifestyle activities and athletic pursuits such as yoga running general fitness and dance-inspired apparel for female youth. The Company conducts its business through two channels: corporate-owned stores and direct to consumer. The Company markets its athletic apparel under the lululemon athletica and ivivva athletica brand names. As of February 1 2015 the Company’s retail footprint included 211 stores in the United States 57 stores in Canada 26 stores in Australia five in New Zealand two in the United Kingdom and one in Singapore. The Company’s retail stores are located primarily on street locations in lifestyle centers and in malls.

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