Lululemon Athletica INC (LULU) Shareholder Shellback Capital LP Has Lowered Position as Stock Rose

April 25, 2018 - By Ellis Scott

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.12, from 1.2 in 2017Q3. It dived, as 34 investors sold LULU shares while 100 reduced holdings. 65 funds opened positions while 80 raised stakes. 101.36 million shares or 3.64% less from 105.19 million shares in 2017Q3 were reported. Scopus Asset LP reported 245,000 shares. Sib Lc reported 4.01% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). Fjarde Ap owns 35,631 shares. The New Jersey-based Hhr Asset Mgmt Lc has invested 4.35% in Lululemon Athletica Inc. (NASDAQ:LULU). 166,742 were accumulated by Barclays Pcl. Advent Corp Ma has 20.11M shares. Kcm Investment Advsr Ltd Liability Company reported 0.04% stake. Brown Brothers Harriman reported 0% stake. Wellington Management Group Ltd Liability Partnership has invested 0% in Lululemon Athletica Inc. (NASDAQ:LULU). Raymond James Inc reported 0% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). Moreover, Cibc Asset Management has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Janney Montgomery Scott Ltd Company reported 0.03% in Lululemon Athletica Inc. (NASDAQ:LULU). Manchester Ltd invested 0% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). Voya Invest Mngmt Limited Liability Com has 0.01% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Schroder Investment Management Gp invested in 24,108 shares.

Since February 12, 2018, it had 0 insider purchases, and 1 insider sale for $211.00 million activity.

Shellback Capital Lp decreased its stake in Lululemon Athletica Inc (LULU) by 9.26% based on its latest 2017Q4 regulatory filing with the SEC. Shellback Capital Lp sold 46,600 shares as the company’s stock rose 0.29% while stock markets declined. The institutional investor held 456,600 shares of the apparel company at the end of 2017Q4, valued at $35.88M, down from 503,200 at the end of the previous reported quarter. Shellback Capital Lp who had been investing in Lululemon Athletica Inc for a number of months, seems to be less bullish one the $13.24 billion market cap company. The stock increased 0.90% or $0.87 during the last trading session, reaching $97.77. About 551,315 shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 22.77% since April 25, 2017 and is uptrending. It has outperformed by 11.22% the S&P500.

Shellback Capital Lp, which manages about $423.03M and $1.34 billion US Long portfolio, upped its stake in Expedia Inc Del (NASDAQ:EXPE) by 47,700 shares to 115,491 shares, valued at $13.83M in 2017Q4, according to the filing. It also increased its holding in Synnex Corp (NYSE:SNX) by 115,201 shares in the quarter, for a total of 140,401 shares, and has risen its stake in Floor & Decor Hldgs Inc.

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on June, 7. They expect $0.45 EPS, up 40.63 % or $0.13 from last year’s $0.32 per share. LULU’s profit will be $60.94M for 54.32 P/E if the $0.45 EPS becomes a reality. After $1.33 actual EPS reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts -66.17 % negative EPS growth.

Lululemon Athletica Inc. (NASDAQ:LULU) Ratings Coverage

Among 26 analysts covering Lululemon Athletica Inc (NASDAQ:LULU), 15 have Buy rating, 0 Sell and 11 Hold. Therefore 58% are positive. Lululemon Athletica Inc had 59 analyst reports since October 26, 2017 according to SRatingsIntel. Cowen & Co maintained the shares of LULU in report on Friday, November 3 with “Buy” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, January 8 report. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, February 6 report. Robert W. Baird maintained the stock with “Buy” rating in Friday, November 10 report. The rating was maintained by JP Morgan with “Overweight” on Wednesday, March 28. Guggenheim maintained the stock with “Buy” rating in Tuesday, January 9 report. As per Wednesday, December 6, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $9200 target in Tuesday, March 27 report. The firm has “Market Perform” rating given on Wednesday, March 28 by Wells Fargo. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Equal-Weight” rating given on Tuesday, April 10 by Morgan Stanley.

Lululemon Athletica Inc. (NASDAQ:LULU) Institutional Positions Chart

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