Filing Worth Mentioning Today: Lululemon Athletica Inc: Advent International CorpMa Opened Big New Position

Filing Worth Mentioning Today: Lululemon Athletica Inc: Advent International CorpMa Opened Big New Position

The New Advent International CorpMa Holding in Lululemon Athletica Inc

Advent International CorpMa filed with the SEC SC 13D/A form for Lululemon Athletica Inc. The form can be accessed here: 000114036116082501. As reported in Advent International CorpMa’s form, the filler as of late owns 15.8% or 20,105,279 shares of the Consumer Discretionary–company.

Lululemon Athletica Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 7, 2016. We feel this shows Advent International CorpMa’s positive view for the stock. For a hedge fund managing $32.03 billion in assets and having 122+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Advent International CorpMa’s US equities portfolio is in this sector.

Lululemon Athletica Inc Institutional Sentiment

Latest Security and Exchange filings show 319 investors own Lululemon Athletica Inc. The institutional ownership in Q3 2015 is very high, at 101.62% of the outstanding shares. This is increased by 5191942 the total institutional shares. 129326119 were the shares owned by these institutional investors. In total 43 funds opened new Lululemon Athletica Inc stakes, 123 increased stakes. There were 48 that closed positions and 98 reduced them.

11 managers had the stock in their top Ten. Notable investors are: Advent International Corp Ma, Manning & Napier Advisors Llc, Sib Llc, Hhr Asset Management Llc, Quantitative Systematic Strategies Llc, Bender Robert & Associates, Pdt Partners Llc, Fox Point Capital Management Llc..

Melvin Capital Management Lp is an institutional investor bullish on Lululemon Athletica Inc, owning 1250000 shares as of Q3 2015 for 3.54% of its portfolio. Steve Cohen Point72 Asset Management Lp owns 2882900 shares or 1.15% of its portfolio. CO Chautauqua Capital Management have 11.03% of their stock portfolio for 662159 shares. Further, Manning & Napier Advisors Llc reported stake worth 2.38% of its US stock portfolio. The MA Advent International Corp owns 20105279 shares. Lululemon Athletica Inc is 27.96% of the manager’s US portfolio.

Business Profile

Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. 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, other sweaty pursuits and athletic wear for female youth. The Company conducts its business through two channels: Company-operated stores and direct to consumer. It operates approximately 360 Company-operated stores located in the United States, Canada, Australia, New Zealand, the United Kingdom, Singapore, Hong Kong, Germany and Puerto Rico. Its direct to consumer segment includes lululemon and ivivva e-commerce Websites, www.lululemon.com and www.ivivva.com, and other country and region specific Websites.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Advent International CorpMa website.

Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.33, from 1.12 in 2016Q1. The ratio dropped, as 51 funds sold all Lululemon Athletica inc. shares owned while 113 reduced positions. 36 funds bought stakes while 93 increased positions. They now own 127.50 million shares or 1.01% more from 126.22 million shares in 2016Q1.

Livforsakringsbolaget Skandia Omsesidigt has 0.04% invested in the company for 11,621 shares. Janus Mgmt Llc last reported 735,704 shares in the company. Capital Ca reported 36,200 shares or 0.32% of all its holdings. Frontier Capital Mngmt Lc owns 784,822 shares or 0.48% of their US portfolio. Credit Suisse Ag last reported 152,193 shares in the company. Sib Ltd has 8.38% invested in the company for 132,728 shares. State Of New Jersey Common Pension Fund D last reported 58,000 shares in the company. Blackrock owns 102,277 shares or 0.01% of their US portfolio. Assetmark has 48 shares for 0% of their US portfolio. Cap Rech Investors holds 0.33% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 12.93 million shares. The Australia-based Commonwealth Bancorp Of Australia has invested 0% in Lululemon Athletica inc. (NASDAQ:LULU). Dnb Asset Mgmt As last reported 12,810 shares in the company. Cambridge Investment Advsrs accumulated 11,499 shares or 0.02% of the stock. Moreover, Royal Fincl Bank Of Canada has 0% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 47,144 shares. Tocqueville Asset Mngmt L P holds 0.01% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 6,830 shares.

The stock decreased 1.82% or $1.05 during the last trading session, hitting $56.76. About 2.49 million shares traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has declined 7.09% since March 8, 2016 and is downtrending. It has underperformed by 16.40% the S&P500.

Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The company has a market cap of $7.71 billion. The Company’s divisions include Company-operated stores, Direct to consumer and Other. It has a 29.11 P/E ratio. The Firm offers a line of apparel and accessories for women, men and female youth.

Lululemon Athletica inc. (NASDAQ:LULU) Ratings Coverage

Out of 31 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 18 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 58% are positive. $92 is the highest target while $40 is the lowest. The $66.83 average target is 17.74% above today’s ($56.76) stock price. Lululemon Athletica Inc. has been the topic of 80 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Susquehanna initiated Lululemon Athletica inc. (NASDAQ:LULU) rating on Friday, September 16. Susquehanna has “Positive” rating and $77 price target. The firm has “Neutral” rating by UBS given on Tuesday, January 12. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Outperform” rating by Credit Suisse on Tuesday, January 12. The rating was upgraded by Wells Fargo to “Outperform” on Monday, January 4. The rating was maintained by M Partners on Tuesday, January 12 with “Buy”. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Hold” rating by Zacks on Monday, August 17. UBS maintained Lululemon Athletica inc. (NASDAQ:LULU) on Thursday, March 31 with “Neutral” rating. The stock has “Neutral” rating given by DA Davidson on Friday, September 11. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, December 10. As per Thursday, December 10, the company rating was maintained by FBR Capital.

Another recent and important Lululemon Athletica inc. (NASDAQ:LULU) news was published by Investorplace.com which published an article titled: “No Urgency to Jump on Lululemon Athletica Inc. (LULU)” on September 13, 2016.

According to Zacks Investment Research, “lululemon athletica Inc. designs and retails athletic clothing for women, men, and female youth. Its apparel assortment, including items, such as fitness pants, shorts, tops and jackets, is designed for activities such as yoga, running and general fitness. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats, instructional yoga digital versatile discs and water bottles. lululemon athletica Inc. is based in Vancouver, Canada.”

LULU Company Profile

Lululemon Athletica Inc., incorporated on November 21, 2005, is a designer, distributor and retailer of technical athletic apparel. The Company’s divisions include Company-operated stores, Direct to consumer and Other. The Firm offers a line of apparel and accessories for women, men and female youth. The Company’s apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats and water bottles. The Firm conducts its business through two channels: Company-operated stores and direct to consumer.

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