Hs Management Partners Has Trimmed Its Lululemon Athletica (LULU) Stake by $1.01 Million; As Gentex (GNTX) Valuation Declined, Sigma Investment Counselors Cut Its Stake

February 21, 2018 - By Linda Rogers

Hs Management Partners Llc decreased its stake in Lululemon Athletica Inc (LULU) by 0.59% based on its latest 2017Q3 regulatory filing with the SEC. Hs Management Partners Llc sold 16,250 shares as the company’s stock declined 26.14% while stock markets rallied. The institutional investor held 2.76 million shares of the apparel company at the end of 2017Q3, valued at $171.76 million, down from 2.78 million at the end of the previous reported quarter. Hs Management Partners Llc who had been investing in Lululemon Athletica Inc for a number of months, seems to be less bullish one the $10.91 billion market cap company. The stock decreased 1.01% or $0.82 during the last trading session, reaching $80.58. About 1.37M shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has declined 19.33% since February 21, 2017 and is downtrending. It has underperformed by 36.03% the S&P500.

Sigma Investment Counselors Inc decreased its stake in Gentex Corp (GNTX) by 18.48% based on its latest 2017Q3 regulatory filing with the SEC. Sigma Investment Counselors Inc sold 20,770 shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 91,630 shares of the o.e.m. company at the end of 2017Q3, valued at $1.81M, down from 112,400 at the end of the previous reported quarter. Sigma Investment Counselors Inc who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $6.52 billion market cap company. The stock increased 0.66% or $0.15 during the last trading session, reaching $22.98. About 2.06 million shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since February 21, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

Sigma Investment Counselors Inc, which manages about $718.41 million and $703.37 million US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VWO) by 189,363 shares to 516,121 shares, valued at $22.49 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IJH) by 12,987 shares in the quarter, for a total of 305,641 shares, and has risen its stake in Spdr Ser Tr (SJNK).

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 19 analyst reports since October 20, 2015 according to SRatingsIntel. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, August 23. The firm has “Outperform” rating given on Thursday, August 24 by Robert W. Baird. FBR Capital maintained the stock with “Buy” rating in Wednesday, July 19 report. The stock of Gentex Corporation (NASDAQ:GNTX) has “Buy” rating given on Friday, October 20 by Robert W. Baird. The company was maintained on Thursday, October 12 by KeyBanc Capital Markets. The company was initiated on Monday, December 19 by Susquehanna. FBR Capital maintained the shares of GNTX in report on Thursday, January 11 with “Buy” rating. As per Wednesday, January 27, the company rating was downgraded by Robert W. Baird. Craig Hallum maintained the shares of GNTX in report on Monday, January 29 with “Hold” rating. Craig Hallum downgraded Gentex Corporation (NASDAQ:GNTX) on Monday, July 24 to “Hold” rating.

Since September 27, 2017, it had 0 insider purchases, and 8 insider sales for $2.88 million activity. $280,776 worth of stock was sold by Wallace James H on Tuesday, January 30. On Wednesday, January 31 Ryan Scott P sold $170,823 worth of Gentex Corporation (NASDAQ:GNTX) or 7,220 shares. The insider Nash Kevin C sold $85,094. Another trade for 47,000 shares valued at $1.11 million was made by Hoekstra Peter on Monday, January 29. Downing Steven R sold 8,000 shares worth $157,582. GOODE GARY F also sold $280,968 worth of Gentex Corporation (NASDAQ:GNTX) on Monday, January 29.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on April, 20. They expect $0.40 earnings per share, up 21.21% or $0.07 from last year’s $0.33 per share. GNTX’s profit will be $113.56M for 14.36 P/E if the $0.40 EPS becomes a reality. After $0.33 actual earnings per share reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 21.21% EPS growth.

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.32, from 0.92 in 2017Q2. It increased, as 35 investors sold GNTX shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. Employees Retirement Of Texas reported 0.06% in Gentex Corporation (NASDAQ:GNTX). Wellington Shields Cap Ltd Llc owns 0.03% invested in Gentex Corporation (NASDAQ:GNTX) for 12,800 shares. Reliance Trust Of Delaware reported 11,778 shares stake. 503,834 were reported by Millennium Mngmt Lc. Naples Advisors Ltd Llc, Florida-based fund reported 26,240 shares. Carroll Assocs reported 0% stake. 25,307 were accumulated by Keybank Association Oh. Parametric Associates Ltd Liability reported 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Credit Agricole S A accumulated 0.01% or 79,287 shares. The Ontario – Canada-based Comml Bank Of Nova Scotia has invested 0% in Gentex Corporation (NASDAQ:GNTX). Great West Life Assurance Co Can reported 238,949 shares or 0.01% of all its holdings. Bnp Paribas Asset Holdings Sa has 210,400 shares. Sei Invests stated it has 422,054 shares or 0.03% of all its holdings. Inv Mngmt Of Virginia Ltd Limited Liability Company accumulated 268,219 shares or 1.25% of the stock. Fairfield Bush reported 47,425 shares.

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.24, from 0.96 in 2017Q2. It improved, as 29 investors sold LULU shares while 89 reduced holdings. 54 funds opened positions while 88 raised stakes. 105.19 million shares or 0.45% more from 104.73 million shares in 2017Q2 were reported. Arrowstreet Capital Partnership reported 68,117 shares. Hhr Asset Mngmt Ltd Limited Liability Company accumulated 4.27% or 1.32M shares. North Star Investment Management Corporation owns 210 shares or 0% of their US portfolio. Whittier Trust owns 220 shares or 0% of their US portfolio. Thompson Siegel Walmsley Lc, Virginia-based fund reported 2,500 shares. Rhumbline Advisers accumulated 101,663 shares or 0.01% of the stock. Raymond James Associate holds 38,336 shares. Renaissance Tech Limited Liability Corp reported 323,500 shares or 0.02% of all its holdings. Cadence Mgmt Ltd Liability Corp owns 3,817 shares. Amalgamated Retail Bank owns 0.04% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 18,315 shares. Leucadia National Corp stated it has 55,797 shares. 2,121 were reported by Livforsakringsbolaget Skandia Omsesidigt. San Francisco Sentry Invest Group Inc Inc (Ca) reported 175 shares stake. Mitsubishi Ufj Trust And Bk holds 212,262 shares or 0.02% of its portfolio. Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma invested in 0% or 360 shares.

Among 40 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 23 have Buy rating, 1 Sell and 16 Hold. Therefore 58% are positive. Lululemon Athletica Inc. had 180 analyst reports since August 18, 2015 according to SRatingsIntel. Mizuho maintained Lululemon Athletica Inc. (NASDAQ:LULU) on Thursday, September 10 with “Neutral” rating. Citigroup initiated it with “Buy” rating and $69 target in Wednesday, October 7 report. The firm has “Outperform” rating by Wells Fargo given on Monday, January 4. Mizuho maintained Lululemon Athletica Inc. (NASDAQ:LULU) on Wednesday, December 9 with “Neutral” rating. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Hold” rating given on Friday, June 2 by Susquehanna. The company was maintained on Friday, June 2 by DA Davidson. Robert W. Baird maintained the stock with “Buy” rating in Friday, November 10 report. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Market Perform” rating given on Thursday, March 30 by Wells Fargo. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Sell” rating given on Thursday, September 29 by Goldman Sachs. The firm has “Buy” rating given on Wednesday, December 6 by SunTrust.

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on April, 4. They expect $1.27 EPS, up 27.00% or $0.27 from last year’s $1 per share. LULU’s profit will be $171.93M for 15.86 P/E if the $1.27 EPS becomes a reality. After $0.56 actual EPS reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts 126.79% EPS growth.

Hs Management Partners Llc, which manages about $2.39B and $3.09 billion US Long portfolio, upped its stake in Tjx Cos Inc New (NYSE:TJX) by 98,700 shares to 2.70M shares, valued at $199.35M in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 2,442 shares in the quarter, for a total of 175,256 shares, and has risen its stake in Hershey Co (NYSE:HSY).

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By1 Linda Rogers

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