Avalon Global Asset Management buys $4,447,127 stake in Lululemon Athletica (LULU)

Lululemon Athletica (LULU) : Avalon Global Asset Management scooped up 21,000 additional shares in Lululemon Athletica during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 76,900 shares of Lululemon Athletica which is valued at $4,447,127.Lululemon Athletica makes up approximately 3.79% of Avalon Global Asset Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates reduced its stake in LULU by selling 17,674 shares or 29.02% in the most recent quarter. The Hedge Fund company now holds 43,220 shares of LULU which is valued at $2,499,413. Lululemon Athletica makes up approx 0.01% of Raymond James Associates’s portfolio.Victory Capital Management Inc boosted its stake in LULU in the latest quarter, The investment management firm added 286,766 additional shares and now holds a total of 288,302 shares of Lululemon Athletica which is valued at $15,888,323. Lululemon Athletica makes up approx 0.05% of Victory Capital Management Inc’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in LULU in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 24,760 shares of Lululemon Athletica which is valued at $1,421,224. Lululemon Athletica makes up approx 0.02% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Advisors Asset Management reduced its stake in LULU by selling 2,301 shares or 11.41% in the most recent quarter. The Hedge Fund company now holds 17,860 shares of LULU which is valued at $1,023,557. Lululemon Athletica makes up approx 0.02% of Advisors Asset Management’s portfolio. Commonwealth Equity Services Inc sold out all of its stake in LULU during the most recent quarter. The investment firm sold 3,954 shares of LULU which is valued $217,905.

Lululemon Athletica closed down -2.93 points or -5.09% at $54.61 with 30,72,705 shares getting traded on Monday. Post opening the session at $57.57, the shares hit an intraday low of $54.5 and an intraday high of $57.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Lululemon Athletica reported $0.38 EPS for the quarter, based on the information available during the earnings call on Sep 1, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $514.52 million for the quarter, compared to analysts expectations of $515.78 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on Lululemon Athletica. Lululemon Athletica was Downgraded by Credit Suisse to ” Neutral” on Nov 16, 2016. Lululemon Athletica was Initiated by Susquehanna to “Positive” on Sep 16, 2016. Lululemon Athletica was Downgraded by Jefferies to ” Hold” on Sep 8, 2016.

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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