Lululemon Athletica (NASDAQ:LULU).
Baird Financial Group, Inc. lowered its ownership in Lululemon Athletica shares by 221,987 shares in a 13F filing with the SEC. Its stake was valued at $46,022,000 a decrease of $11,339,000 according to the filing.
Several firms have shifted positions in (LULU). As of quarter end Birch Grove Capital LP had disposed of a total of 23,400 shares trimming its stake by 8.6%. The value of the investment in (LULU) went from $816,000 to $355,000 decreasing 56.5% for the reporting period. Tredje Ap-fonden divested its holdings by selling 840 shares a decrease of 10.2% from 06/30/2017 to 09/30/2017. Tredje Ap-fonden claims 7,410 shares valued at $461,000. The value of the position overall is down by 6.3%.
Raymond James & Associates bolstered its ownership by buying 19,412 shares an increase of 102.6% in the quarter. Raymond James & Associates now controls 38,336 shares with a value of $2,386,000. The total value of its holdings increased 111.3%.
November 3 investment analysts at Cowen and Company maintained a stock rating of “Buy” projecting a price of $68.00. On November 2 BMO Capital Markets maintained a company rating of “Hold” targeting a price of $55.00.
October 27 investment analysts at KeyCorp maintained a “Hold” rating on the company.
On October 16, 2017 SunTrust Banks updated coverage of LULU stating a rating of “Buy” and establishing a price target of $69.00. Needham & Company LLC updated guidance on LULU with a rating of “Buy” and price target of $69.00.
In the market the company is trading up by 0.91% since yesterday’s close of 64.93. The most current P/E ratio is 31.58 and the market cap of the company is 8.87B. In the latest earnings report the EPS was $2.07 with 125.70M shares now outstanding.
Investors are feeling more bearish recently if you consider the change in short interest. The company recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 19.25%. Short interest increased 1,389,083 over that timeframe. Days to cover decreased 0.0 to 4.0 and the percentage of shorted shares is 0.07% as of October 13.