Shellback Capital Lp buys $18,882,920 stake in Lululemon Athletica (LULU)

Lululemon Athletica (LULU) : Shellback Capital Lp scooped up 125,188 additional shares in Lululemon Athletica during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 238,000 shares of Lululemon Athletica which is valued at $18,882,920.Lululemon Athletica makes up approximately 2.26% of Shellback Capital Lp’s portfolio.

Other Hedge Funds, Including , Jane Street Group reduced its stake in LULU by selling 41,359 shares or 31.78% in the most recent quarter. The Hedge Fund company now holds 88,791 shares of LULU which is valued at $7,044,678. Lululemon Athletica makes up approx 0.09% of Jane Street Group’s portfolio.Hsbc Holdings Plc boosted its stake in LULU in the latest quarter, The investment management firm added 1,618 additional shares and now holds a total of 24,410 shares of Lululemon Athletica which is valued at $1,936,689. Lululemon Athletica makes up approx 0.01% of Hsbc Holdings Plc’s portfolio.Bks Advisors reduced its stake in LULU by selling 2,500 shares or 20.83% in the most recent quarter. The Hedge Fund company now holds 9,500 shares of LULU which is valued at $757,340. Lululemon Athletica makes up approx 0.37% of Bks Advisors’s portfolio. Quantbot Technologies Lp sold out all of its stake in LULU during the most recent quarter. The investment firm sold 2,587 shares of LULU which is valued $200,234.Simplex Trading boosted its stake in LULU in the latest quarter, The investment management firm added 8,294 additional shares and now holds a total of 29,270 shares of Lululemon Athletica which is valued at $2,258,766. Lululemon Athletica makes up approx 0.29% of Simplex Trading’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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