Peregrine Asset Advisers INC Decreased Its Position in Lululemon (LULU) by $4.83 Million

October 11, 2018 - By Ruchi Gupta

Investors sentiment increased to 1.53 in Q2 2018. Its up 0.35, from 1.18 in 2018Q1. It is positive, as 28 investors sold LULU shares while 111 reduced holdings. 98 funds opened positions while 114 raised stakes. 100.00 million shares or 4.78% less from 105.01 million shares in 2018Q1 were reported. Retail Bank Of Hawaii owns 2,500 shares for 0.03% of their portfolio. 15,551 were reported by Paloma Mgmt. Sumitomo Mitsui Holdings owns 341,774 shares or 0.05% of their US portfolio. Prio Wealth Limited Partnership has 0.03% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 4,500 shares. Scopus Asset Mngmt Limited Partnership invested 0.37% in Lululemon Athletica Inc. (NASDAQ:LULU). Tiaa Cref Inv Management Lc has invested 0.06% in Lululemon Athletica Inc. (NASDAQ:LULU). Caisse De Depot Et Placement Du Quebec stated it has 0.04% in Lululemon Athletica Inc. (NASDAQ:LULU). 8,700 were reported by Ellington Gru Limited. Assetmark stated it has 35 shares. Connor Clark Lunn Invest Management Limited reported 31,100 shares. Amer Century reported 314,267 shares or 0.04% of all its holdings. Gilder Gagnon Howe And has invested 0% in Lululemon Athletica Inc. (NASDAQ:LULU). Whittier has invested 0% in Lululemon Athletica Inc. (NASDAQ:LULU). Thompson Davis And stated it has 100 shares or 0.03% of all its holdings. Moreover, Amalgamated National Bank has 0.04% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 13,755 shares.

Since June 7, 2018, it had 0 insider buys, and 2 selling transactions for $1.21 billion activity. 17,935 Lululemon Athletica Inc. (NASDAQ:LULU) shares with value of $2.17M were sold by MUSSAFER DAVID M.

Peregrine Asset Advisers Inc decreased its stake in Lululemon (LULU) by 32.63% based on its latest 2018Q2 regulatory filing with the SEC. Peregrine Asset Advisers Inc sold 38,925 shares as the company’s stock rose 22.28% with the market. The institutional investor held 80,381 shares of the apparel company at the end of 2018Q2, valued at $10.04M, down from 119,306 at the end of the previous reported quarter. Peregrine Asset Advisers Inc who had been investing in Lululemon for a number of months, seems to be less bullish one the $18.51 billion market cap company. The stock decreased 0.60% or $0.84 during the last trading session, reaching $139.84. About 168,783 shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 147.63% since October 11, 2017 and is uptrending. It has outperformed by 132.01% the S&P500.

Peregrine Asset Advisers Inc, which manages about $266.46M and $193.16M US Long portfolio, upped its stake in Tesla Motors (NASDAQ:TSLA) by 13,424 shares to 15,023 shares, valued at $5.15 million in 2018Q2, according to the filing.

More notable recent Lululemon Athletica Inc. (NASDAQ:LULU) news were published by: Seekingalpha.com which released: “Lululemon Athletica Is A Strong Sell” on September 25, 2018, also Nasdaq.com with their article: “3 Growth Stocks I’d Buy Right Now” published on October 07, 2018, Investorplace.com published: “4 Amazon-Proof Retailer Stocks To Consider” on October 09, 2018. More interesting news about Lululemon Athletica Inc. (NASDAQ:LULU) were released by: Seekingalpha.com and their article: “Can Anything Stop Lululemon?” published on September 17, 2018 as well as Benzinga.com‘s news article titled: “Analyst Stretches Lululemon’s Price Target After Meeting With New CEO” with publication date: October 02, 2018.

Lululemon Athletica Inc. (NASDAQ:LULU) Ratings Coverage

Among 23 analysts covering Lululemon Athletica (NASDAQ:LULU), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. Lululemon Athletica had 40 analyst reports since April 13, 2018 according to SRatingsIntel. Needham downgraded Lululemon Athletica Inc. (NASDAQ:LULU) on Monday, April 23 to “Hold” rating. The rating was maintained by Stifel Nicolaus on Tuesday, May 22 with “Hold”. UBS maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Wednesday, September 5. UBS has “Neutral” rating and $165 target. On Friday, June 1 the stock rating was maintained by Stifel Nicolaus with “Hold”. Deutsche Bank maintained the stock with “Buy” rating in Friday, June 1 report. Nomura maintained Lululemon Athletica Inc. (NASDAQ:LULU) on Monday, June 4 with “Buy” rating. The firm earned “Overweight” rating on Friday, June 1 by JP Morgan. The rating was maintained by Buckingham Research with “Neutral” on Monday, August 20. The firm has “Overweight” rating given on Friday, August 31 by Barclays Capital. Cowen & Co maintained Lululemon Athletica Inc. (NASDAQ:LULU) on Monday, July 9 with “Outperform” rating.

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

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