Hs Management Partners Lowers stake in Lululemon Athletica (LULU)

Lululemon Athletica (LULU) : Hs Management Partners reduced its stake in Lululemon Athletica by 26.21% during the most recent quarter end. The investment management company now holds a total of 1,648,969 shares of Lululemon Athletica which is valued at $101.5 Million after selling 585,675 shares in Lululemon Athletica , the firm said in a disclosure report filed with the SEC on May 13, 2016.Lululemon Athletica makes up approximately 4.20% of Hs Management Partners’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc added LULU to its portfolio by purchasing 34,792 company shares during the most recent quarter which is valued at $2.1 Million. Lululemon Athletica makes up approx 0.13% of Clinton Group Inc’s portfolio.Victory Capital Management Inc reduced its stake in LULU by selling 1,562 shares or 70.2% in the most recent quarter. The Hedge Fund company now holds 663 shares of LULU which is valued at $40,828.Palisade Capital Managementnj reduced its stake in LULU by selling 6,235 shares or 17.07% in the most recent quarter. The Hedge Fund company now holds 30,299 shares of LULU which is valued at $1.9 Million. Lululemon Athletica makes up approx 0.07% of Palisade Capital Managementnj’s portfolio.Norges Bank boosted its stake in LULU in the latest quarter, The investment management firm added 6,773 additional shares and now holds a total of 909,009 shares of Lululemon Athletica which is valued at $56 Million. Lululemon Athletica makes up approx 0.03% of Norges Bank’s portfolio.Tocqueville Asset Management reduced its stake in LULU by selling 13,920 shares or 49.63% in the most recent quarter. The Hedge Fund company now holds 14,125 shares of LULU which is valued at $925,894. Lululemon Athletica makes up approx 0.01% of Tocqueville Asset Management’s portfolio.

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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