Daniel Devine & Company Has Cut Abbvie (ABBV) Holding by $322,000; Share Value Declined; Lululemon Athletica (LULU) Shareholder Advent International Has Cut Position by $1.24 Billion

September 14, 2018 - By Glen Chin

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Advent International Corp decreased its stake in Lululemon Athletica Inc. (LULU) by 49.74% based on its latest 2018Q2 regulatory filing with the SEC. Advent International Corp sold 10.00 million shares as the company’s stock rose 22.28% with the market. The hedge fund held 10.11 million shares of the apparel company at the end of 2018Q2, valued at $1.26 billion, down from 20.11M at the end of the previous reported quarter. Advent International Corp who had been investing in Lululemon Athletica Inc. for a number of months, seems to be less bullish one the $20.52B market cap company. The stock increased 0.25% or $0.39 during the last trading session, reaching $154.99. About 234,030 shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 147.63% since September 14, 2017 and is uptrending. It has outperformed by 132.01% the S&P500. Some Historical LULU News: 28/03/2018 – LULULEMON ATHLETICA INC LULU.O : DEUTSCHE BANK RAISES TARGET PRICE TO $96 FROM $95; 27/03/2018 – LULULEMON ATHLETICA INC LULU.O SEES FY 2018 REVENUE $2.985 BLN TO $3.022 BLN; 16/04/2018 – Lululemon Athletica Names Patrick Guido Chief Financial Officer; 16/04/2018 – Lululemon Athletica Names New CFO as CEO Search Continues; 16/04/2018 – Lululemon Appoints Patrick Guido Its New CFO — MarketWatch; 27/03/2018 – LULULEMON HAD MANY CANDIDATES COME FORWARD FOR CONSIDERATION; 27/03/2018 – Lululemon CEO Laurent Potdevin recently stepped down after “falling short” of the company’s “standards of conduct.”; 11/05/2018 – Lululemon: Here Are 5 Potential CEO Candidates — Barrons.com; 27/03/2018 – LULULEMON ATHLETICA INC – INVENTORIES AT END OF FISCAL 2017 INCREASED BY 10% TO $329.6 MLN COMPARED TO $298.4 MLN AT END OF FISCAL 2016; 27/03/2018 – Lululemon Sees FY Rev $2.99B-$3.02B

Daniel Devine & Company decreased its stake in Abbvie Inc (ABBV) by 11.52% based on its latest 2018Q2 regulatory filing with the SEC. Daniel Devine & Company sold 3,500 shares as the company’s stock declined 4.45% while stock markets rallied. The institutional investor held 26,880 shares of the major pharmaceuticals company at the end of 2018Q2, valued at $2.49 million, down from 30,380 at the end of the previous reported quarter. Daniel Devine & Company who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $144.49B market cap company. The stock decreased 0.94% or $0.91 during the last trading session, reaching $95.42. About 697,274 shares traded. AbbVie Inc. (NYSE:ABBV) has risen 6.26% since September 14, 2017 and is uptrending. It has underperformed by 9.36% the S&P500. Some Historical ABBV News: 15/05/2018 – AbbVie Presenting at Bank of America Conference Tomorrow; 01/05/2018 – AbbVie Commences Modified ‘Dutch Auction’ Tender Offer Priced at $99/Shr-$114/Sh; 14/05/2018 – STAT Plus: AbbVie and J&J reverse course on a price hike in face of criticism; 08/05/2018 – OncoSec Expands Relationship with Merck, Announces Clinical Collaboration to Evaluate Combination of lmmunoPulse┬« IL-12 and KEYTRUDA┬« (pembrolizumab) for Triple Negative Breast Cancer; 03/05/2018 – Merck: Phase 3 Keynote-407 Trial With Keytruda Met Pre-Specified Secondary Endpoint; 31/05/2018 – CBD Market Set for Huge Growth; 25/04/2018 – ABBVIE SUBMITS BLA FOR PLAQUE PSORIASIS DRUG RISANKIZUMAB; 22/03/2018 – BerGenBio to Present Overview of Phase Il Clinical Trial Portfolio Combining Bemcentinib With KEYTRUDA at 3rd Annual Immuno-Oncology Summit Europe; 26/04/2018 – AbbVie Rises on Hepatitis C Beat, Alexion on Study: Health Wrap; 10/04/2018 – ABBVIE INC – REGULATORY SUBMISSIONS FOR ELAGOLIX IN UTERINE FIBROIDS REMAIN ON TRACK

Among 42 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 23 have Buy rating, 1 Sell and 18 Hold. Therefore 55% are positive. Lululemon Athletica Inc. had 232 analyst reports since August 18, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of LULU in report on Monday, January 8 with “Hold” rating. Canaccord Genuity maintained the shares of LULU in report on Tuesday, August 29 with “Sell” rating. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Hold” rating given on Tuesday, May 22 by Stifel Nicolaus. The firm earned “Sell” rating on Thursday, September 29 by Goldman Sachs. As per Thursday, March 30, the company rating was downgraded by Wells Fargo. The rating was maintained by Canaccord Genuity on Friday, September 2 with “Hold”. BMO Capital Markets maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Wednesday, July 5. BMO Capital Markets has “Hold” rating and $5500 target. The company was maintained on Wednesday, March 28 by Credit Suisse. The company was maintained on Friday, January 29 by Credit Suisse. The stock has “Buy” rating by Citigroup on Thursday, March 31.

Investors sentiment increased to 1.53 in 2018 Q2. Its up 0.35, from 1.18 in 2018Q1. It improved, 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. Royal State Bank Of Canada accumulated 52,194 shares or 0% of the stock. Suntrust Banks invested 0.01% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). Moreover, United Advisers Ltd Llc has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Hsbc Public Limited Liability Company holds 0.03% in Lululemon Athletica Inc. (NASDAQ:LULU) or 142,793 shares. Caisse De Depot Et Placement Du Quebec has 123,100 shares for 0.04% of their portfolio. Rhumbline Advisers accumulated 99,904 shares. Los Angeles Management Equity holds 0.11% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU) for 154,272 shares. Ruggie Capital Gru invested 0% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). Advisory Ntwk Ltd Llc owns 5,894 shares for 0.06% of their portfolio. Apg Asset Mgmt Nv accumulated 172,988 shares. Prudential Financial Inc, New Jersey-based fund reported 1.01M shares. Art Advsrs Llc reported 125,000 shares. Columbus Circle reported 1.1% stake. The Illinois-based Hightower Advisors has invested 0.02% in Lululemon Athletica Inc. (NASDAQ:LULU). Schroder Inv Mngmt Grp holds 11,345 shares.

Advent International Corp, which manages about $32.03B and $5.31 billion US Long portfolio, upped its stake in Transdigm Group Inc. (NYSE:TDG) by 56,000 shares to 169,075 shares, valued at $58.36 million in 2018Q2, according to the filing. It also increased its holding in Kinder Morgan Inc (NYSE:KMI) by 1.20M shares in the quarter, for a total of 2.43M shares, and has risen its stake in Express Scripts Hldg Co (NASDAQ:ESRX).

Since June 7, 2018, it had 0 buys, and 2 sales for $1.21 billion activity. 10.00M shares valued at $1.21B were sold by ADVENT INTERNATIONAL CORP/MA on Thursday, June 7.

More notable recent Lululemon Athletica Inc. (NASDAQ:LULU) news were published by: Nasdaq.com which released: “Is a Surprise Coming for Lululemon (LULU) This Earnings Season?” on August 29, 2018, also Fool.com with their article: “3 Stocks to Help You Build Retirement Wealth” published on September 13, 2018, 247Wallst.com published: “The Driving Force for Even Higher Growth at Lululemon Might Not Be What You Think” on August 16, 2018. More interesting news about Lululemon Athletica Inc. (NASDAQ:LULU) were released by: Fool.com and their article: “These 5 Retailers Are Thriving, While These 5 May Not Make It” published on September 14, 2018 as well as Fool.com‘s news article titled: “3 Top Growth Stocks to Buy in September” with publication date: September 14, 2018.

Investors sentiment increased to 0.94 in Q2 2018. Its up 0.24, from 0.7 in 2018Q1. It improved, as 55 investors sold ABBV shares while 614 reduced holdings. 107 funds opened positions while 524 raised stakes. 1.00 billion shares or 5.08% less from 1.06 billion shares in 2018Q1 were reported. D Scott Neal Incorporated holds 1,264 shares or 0.07% of its portfolio. 1.71M are held by Glenmede Na. Ally has 0.27% invested in AbbVie Inc. (NYSE:ABBV). Sg Americas Limited Liability Corporation invested in 0.2% or 236,707 shares. First Western Capital Management reported 3.78% in AbbVie Inc. (NYSE:ABBV). Todd Asset Management Limited Com accumulated 373,781 shares. Smith Moore & accumulated 29,297 shares or 0.68% of the stock. Buckingham Asset Management Lc reported 64,504 shares. The New York-based Douglass Winthrop Advisors Limited Liability Corp has invested 0.28% in AbbVie Inc. (NYSE:ABBV). Moreover, Barton Invest Management has 0.13% invested in AbbVie Inc. (NYSE:ABBV). Stonebridge Capital Mgmt Incorporated stated it has 0.39% in AbbVie Inc. (NYSE:ABBV). Hollencrest holds 0.03% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 2,742 shares. Palouse Cap Mngmt Inc has 65,856 shares. Camarda Financial Advsr Ltd Liability Com reported 0.04% in AbbVie Inc. (NYSE:ABBV). Biondo Investment Advsrs Ltd Liability Company owns 67,861 shares or 1.59% of their US portfolio.

Since June 15, 2018, it had 2 insider buys, and 2 sales for $6.03 million activity. 1,013 shares were bought by RAPP EDWARD J, worth $99,909. 50,000 shares were sold by SEVERINO MICHAEL, worth $4.88M on Friday, August 17. RICHMOND TIMOTHY J. had sold 17,588 shares worth $1.75 million.

Analysts await AbbVie Inc. (NYSE:ABBV) to report earnings on October, 26. They expect $2.01 earnings per share, up 42.55% or $0.60 from last year’s $1.41 per share. ABBV’s profit will be $3.04 billion for 11.87 P/E if the $2.01 EPS becomes a reality. After $2.00 actual earnings per share reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 0.50% EPS growth.

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

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