Lululemon athletica (LULU) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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Its down 0.07, from 1.03 in 2017Q1.

Lululemon shares have climbed 4 per cent since the beginning of the year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer's stock worth $91,706,000 after buying an additional 1,098,057 shares during the last quarter. Advent Ma reported 22.57% in Lululemon Athletica Inc. Ellington Group Inc Limited Liability reported 29,400 shares. Nine Masts has 0.76% invested in Lululemon Athletica Inc. Finally, ETRADE Capital Management LLC bought a new stake in shares of lululemon athletica in the 3rd quarter valued at about $252,000. (NASDAQ:LULU) or 47,689 shares. 670,000 were reported by Lodge Hill Cap Limited Liability. Schroder Mgmt Grp holds 976,148 shares. Smithfield reported 0% in Lululemon Athletica Inc. Us State Bank De invested 0.01% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). Manchester Ltd owns 0% invested in Lululemon Athletica Inc.

Stock in Focus: Lululemon Athletica Inc. Gulf International Financial Bank (Uk) Limited owns 35,127 shares. Neuberger Berman Grp Inc Ltd Liability owns 375,036 shares or 0.03% of their United States portfolio. (NASDAQ:LULU) for 5,221 shares. Caisse De Depot Et Placement Du Quebec invested in 0% or 16,700 shares.

Hhr Asset Management Llc increased its stake in Lululemon Athletica Inc (LULU) by 23.29% based on its latest 2017Q2 regulatory filing with the SEC. But Chief Executive Officer Laurent Potdevin has been working to keep the company growing by adding new products and entering overseas markets.

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For the current quarter ending in January, Lululemon expects its per-share earnings to range from US$1.19 to US$1.22. This analysis is based on historical data about the stock's monthly performance given the overall trends of the market and particular indicators within the market.

The stock increased 7.61% or $5.15 during the last trading session, reaching $72.81. About 2.45M shares traded.

More notable recent Lululemon Athletica Inc. It has underperformed by 36.03% the S&P500.

Analyst on average were expecting revenue of $866-million and a profit of $1.17 per share, according to Thomson Reuters I/B/E/S. The Harris Associates LP holds 5.21M shares with $116.96 million value, down from 21.26 million last quarter. Zacks downgraded Lululemon Athletica Inc. "(LULU) PT Raised to $75 at BofA/Merrill Lynch ..." on November 27, 2017. (NASDAQ:LULU) were released by: Fool.com and their article: "What to Watch When Lululemon Athletica Reports Earnings" published on December 03, 2017 as well as Businesswire.com's news article titled: "lululemon athletica inc".

Shares of lululemon athletica (LULU) opened at $67.66 on Monday. (NASDAQ:LULU) rating on Friday, June 2. Therefore 55% are positive. Lululemon Athletica inc. presently has a consensus rating of Hold and a consensus price target of $65.27. The company witnessed a near 7% jump in the stock price post the earnings call. Lululemon Athletica Inc. had 153 analyst reports since August 18, 2015 according to SRatingsIntel. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. On Thursday, August 24 the stock rating was maintained by KeyBanc Capital Markets with "Hold". The firm has "Buy" rating given on Thursday, May 25 by Stifel Nicolaus. The rating was upgraded by JP Morgan on Wednesday, December 7 to "Neutral". Moreover, Ameriprise Fincl has 0% invested in Lululemon Athletica Inc. Nomura holds 0.01% in Lululemon Athletica Inc. (NASDAQ:LULU) for 8,313 shares. Jefferies maintained Lululemon Athletica Inc.

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