Hrs Investment Holdings Lowers stake in Lululemon Athletica (LULU)

Lululemon Athletica (LULU) : Hrs Investment Holdings reduced its stake in Lululemon Athletica by 11.11% during the most recent quarter end. The investment management company now holds a total of 20,000 shares of Lululemon Athletica which is valued at $1,586,800 after selling 2,500 shares in Lululemon Athletica , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Lululemon Athletica makes up approximately 1.46% of Hrs Investment Holdings’s portfolio.

Other Hedge Funds, Including , Twin Tree Management Lp boosted its stake in LULU in the latest quarter, The investment management firm added 9,869 additional shares and now holds a total of 14,494 shares of Lululemon Athletica which is valued at $1,149,954. Lululemon Athletica makes up approx 0.22% of Twin Tree Management Lp’s portfolio. Cipher Capital Lp sold out all of its stake in LULU during the most recent quarter. The investment firm sold 5,469 shares of LULU which is valued $433,910.Janney Montgomery Scott boosted its stake in LULU in the latest quarter, The investment management firm added 18,660 additional shares and now holds a total of 39,225 shares of Lululemon Athletica which is valued at $3,051,705. Lululemon Athletica makes up approx 0.05% of Janney Montgomery Scott’s portfolio.Cibc Asset Management Inc reduced its stake in LULU by selling 47 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 4,142 shares of LULU which is valued at $320,591.Cg Asset Management reduced its stake in LULU by selling 2,955 shares or 25.53% in the most recent quarter. The Hedge Fund company now holds 8,620 shares of LULU which is valued at $662,188. Lululemon Athletica makes up approx 0.25% of Cg Asset Management’s portfolio.

Lululemon Athletica opened for trading at $75.89 and hit $77.58 on the upside on Thursday, eventually ending the session at $76.66, with a gain of 0.20% or 0.15 points. The heightened volatility saw the trading volume jump to 55,00,087 shares. Company has a market cap of $9,750 M.

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. Shares were Reiterated by Canaccord Genuity on Sep 2, 2016 to “Hold” and Lowered the Price Target to $ 65 from a previous price target of $70 .Lululemon Athletica was Downgraded by Morgan Stanley to ” Equal-Weight” on Sep 2, 2016. Company shares were Reiterated by Telsey Advisory Group on Aug 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $82 .

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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