Simplex Trading buys $1,746,194 stake in Lululemon Athletica (LULU)

Lululemon Athletica (LULU) : Simplex Trading scooped up 687 additional shares in Lululemon Athletica during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 29,957 shares of Lululemon Athletica which is valued at $1,746,194.Lululemon Athletica makes up approximately 0.23% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in LULU in the latest quarter, The investment management firm added 853 additional shares and now holds a total of 4,770 shares of Lululemon Athletica which is valued at $282,336.Washington Trust Bank boosted its stake in LULU in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 89 shares of Lululemon Athletica which is valued at $5,268.

Lululemon Athletica closed down -0.23 points or -0.39% at $58.29 with 26,50,280 shares getting traded on Friday. Post opening the session at $58.51, the shares hit an intraday low of $57.93 and an intraday high of $59 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Initiated by Susquehanna to “Positive” on Sep 16, 2016. Lululemon Athletica was Downgraded by Jefferies to ” Hold” on Sep 8, 2016. 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 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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