Bedell Frazier Investment Counseling LLC Has Boosted Its Holding in Lululemon Athletica INC (LULU) as Shares Rose

July 14, 2018 - By Margaret Downey

Investors sentiment increased to 1.18 in 2018 Q1. Its up 0.10, from 1.08 in 2017Q4. It increased, as 35 investors sold LULU shares while 102 reduced holdings. 68 funds opened positions while 94 raised stakes. 105.01 million shares or 3.60% more from 101.36 million shares in 2017Q4 were reported. United Services Automobile Association owns 20,191 shares. Seaward Ltd Partnership has 0.02% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Jaffetilchin Invest Prtnrs Ltd Liability holds 0.14% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU) for 7,147 shares. Royal Natl Bank Of Canada has invested 0% in Lululemon Athletica Inc. (NASDAQ:LULU). 300 were accumulated by Plante Moran Financial Advsrs Ltd Liability Com. Prudential Fin stated it has 1.08 million shares. Pictet Asset Mgmt Ltd accumulated 402,205 shares or 0.09% of the stock. Omers Administration holds 0.03% or 33,000 shares. Westpac Banking holds 0% or 9,897 shares in its portfolio. Point72 Asia (Hong Kong) holds 0.23% or 5,087 shares. Moreover, Nomura Asset Mngmt Limited has 0.01% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 13,493 shares. Clearbridge Invests Ltd Liability Corp holds 0% in Lululemon Athletica Inc. (NASDAQ:LULU) or 100 shares. Great Lakes Advsr Ltd Liability Company has 103,210 shares for 0.22% of their portfolio. Hap Trading Ltd Liability Co stated it has 10,384 shares or 0.05% of all its holdings. Alyeska Inv Gru Ltd Partnership reported 0.85% stake.

Since February 12, 2018, it had 0 insider buys, and 3 insider sales for $1.42 billion activity. On Thursday, June 7 the insider ADVENT INTERNATIONAL CORP/MA sold $1.21B. On Monday, February 12 Wilson Dennis J. sold $211.00M worth of Lululemon Athletica Inc. (NASDAQ:LULU) or 2.75M shares.

Bedell Frazier Investment Counseling Llc increased its stake in Lululemon Athletica Inc (LULU) by 64.45% based on its latest 2018Q1 regulatory filing with the SEC. Bedell Frazier Investment Counseling Llc bought 44,370 shares as the company’s stock rose 28.97% while stock markets declined. The institutional investor held 113,215 shares of the apparel company at the end of 2018Q1, valued at $10.09M, up from 68,845 at the end of the previous reported quarter. Bedell Frazier Investment Counseling Llc who had been investing in Lululemon Athletica Inc for a number of months, seems to be bullish on the $16.62 billion market cap company. The stock decreased 0.21% or $0.27 during the last trading session, reaching $125.45. About 819,646 shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 118.07% since July 14, 2017 and is uptrending. It has outperformed by 105.50% the S&P500.

More notable recent Lululemon Athletica Inc. (NASDAQ:LULU) news were published by: Fool.ca which released: “Is Lululemon Athletica Inc. (NASDAQ:LULU) About to Pull a Downward Dog?” on June 29, 2018, also Nasdaq.com with their article: “3 Potential Takeover Targets” published on June 15, 2018, Fool.com published: “lululemon athletica Is Gaining Traction With Men” on June 26, 2018. More interesting news about Lululemon Athletica Inc. (NASDAQ:LULU) were released by: Fool.ca and their article: “Lululemon Athletica Inc. (NASDAQ:LULU) Enters Menswear for Growth: Time to Buy?” published on July 03, 2018 as well as Fool.ca‘s news article titled: “Lululemon Athletica Inc. (NASDAQ:LULU) Continues to Perform DESPITE Chip Wilson” with publication date: June 20, 2018.

Lululemon Athletica Inc. (NASDAQ:LULU) Ratings Coverage

Among 24 analysts covering Lululemon Athletica Inc (NASDAQ:LULU), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Lululemon Athletica Inc has $150 highest and $75.0 lowest target. $110.17’s average target is -12.18% below currents $125.45 stock price. Lululemon Athletica Inc had 41 analyst reports since January 18, 2018 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Wednesday, March 28 with “Buy”. On Monday, July 9 the stock rating was maintained by Cowen & Co with “Outperform”. SunTrust maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Friday, February 2. SunTrust has “Buy” rating and $95.0 target. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, April 10. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Buy” rating given on Thursday, January 18 by Cowen & Co. The firm has “Neutral” rating given on Thursday, July 12 by Citigroup. The stock has “Overweight” rating by Barclays Capital on Wednesday, March 28. The firm earned “Hold” rating on Wednesday, March 28 by Jefferies. Stifel Nicolaus maintained it with “Hold” rating and $97 target in Tuesday, May 22 report. The firm has “Buy” rating by Cowen & Co given on Tuesday, March 27.

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

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