High Pointe Capital Management Lowered Its Bank Of America (BAC) Holding by $349,450 as Share Value Declined; As Lululemon Athletica (LULU) Stock Value Rose, Crystal Rock Capital Management Decreased Its Holding by $424,975

July 27, 2018 - By Ashley Bratcher

Bank of America Corporation (NYSE:BAC) Logo

High Pointe Capital Management Llc decreased its stake in Bank Of America Corp (BAC) by 13.66% based on its latest 2018Q1 regulatory filing with the SEC. High Pointe Capital Management Llc sold 12,050 shares as the company’s stock declined 6.97% with the market. The institutional investor held 76,150 shares of the major banks company at the end of 2018Q1, valued at $2.28M, down from 88,200 at the end of the previous reported quarter. High Pointe Capital Management Llc who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $311.25 billion market cap company. The stock increased 0.47% or $0.145 during the last trading session, reaching $31.085. About 49.58 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since July 27, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 09/05/2018 – BofA faces class-action lawsuit over appraisals; 15/05/2018 – CN RAIL CFO ENDS PRESENTATION AT BANK OF AMERICA EVENT; 15/05/2018 – Lilly Presenting at Bank of America Conference Tomorrow; 03/04/2018 – KRAFT HEINZ CO KHC.O : BOFA MERRILL CUTS PRICE OBJECTIVE TO $85 FROM $100; 01/05/2018 – Bank of America: Chicago Entrepreneurs Increasing Plans to Hire; 22/03/2018 – BLOCK TRADE – GROWTHPOINT PROPERTIES: BOOKRUNNER SAYS BOFA MERRILL LYNCH, STANDARD BANK OF SOUTH AFRICA, AS JOINT BOOKRUNNERS OF GROWTHPOINT PLACING; 12/04/2018 – BofA Finance LLC Announces Threshold Price and Initial Reference Price for Cash-Settled Equity-Linked Notes Linked to the Commo; 15/05/2018 – DELTA CFO WEBCAST AT BANK OF AMERICA CONFERENCE CONCLUDES; 21/05/2018 – ARMADA HOFFLER PROPERTIES INC AHH.N : BOFA MERRILL CUTS PRICE OBJECTIVE TO $15.50 FROM $16; 29/03/2018 – AustinBizJournal: EXCLUSIVE: @BankofAmerica to consolidate Austin offices, move into same downtown tower as Facebook…

Crystal Rock Capital Management decreased its stake in Lululemon Athletica Inc (LULU) by 9.39% based on its latest 2018Q1 regulatory filing with the SEC. Crystal Rock Capital Management sold 4,775 shares as the company’s stock rose 28.97% while stock markets declined. The institutional investor held 46,100 shares of the apparel company at the end of 2018Q1, valued at $4.11 million, down from 50,875 at the end of the previous reported quarter. Crystal Rock Capital Management who had been investing in Lululemon Athletica Inc for a number of months, seems to be less bullish one the $15.85 billion market cap company. The stock decreased 3.86% or $4.81 during the last trading session, reaching $119.68. About 1.36M shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 118.07% since July 27, 2017 and is uptrending. It has outperformed by 105.50% the S&P500. Some Historical LULU News: 27/04/2018 – Lululemon Rises for 10 Days: Longest Streak Since IPO; 04/04/2018 – VP Burgoyne Disposes 100 Of Lululemon Athletica Inc; 27/03/2018 – LULULEMON EARNINGS CALL ENDS; 28/03/2018 – LULULEMON ATHLETICA INC LULU.O : BERNSTEIN RAISES TARGET PRICE TO $80 FROM $72; 27/03/2018 – LULULEMON ATHLETICA INC LULU.O FY SHR VIEW $3.02, REV VIEW $2.95 BLN — THOMSON REUTERS l/B/E/S; 16/04/2018 – LULULEMON ATHLETICA NAMES PATRICK GUIDO CFO; 27/03/2018 – LULULEMON ATHLETICA INC LULU.O SEES FY 2018 REVENUE $2.985 BLN TO $3.022 BLN; 27/03/2018 – CORRECT: LULU 4Q TOTAL COMP INCL DTC EX-FX +12%, EST. +8.6%; 29/05/2018 – Lululemon Earnings: Is It ‘Set up for Success?’ — Barrons.com; 27/03/2018 – LULULEMON 4Q TOTAL COMP INCL DTC EX-FX +42%, EST. +8.6%

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Berenberg downgraded the stock to “Hold” rating in Monday, April 24 report. The firm has “Hold” rating given on Thursday, December 1 by Standpoint Research. The rating was maintained by Citigroup with “Buy” on Wednesday, January 11. The company was upgraded on Monday, August 24 by Vetr. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, June 14. As per Sunday, July 23, the company rating was maintained by Renaissance Macro Securities LLC. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 13. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by BMO Capital Markets on Wednesday, April 12. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Tuesday, December 12 with “Buy” rating. Jefferies maintained Bank of America Corporation (NYSE:BAC) rating on Friday, August 11. Jefferies has “Buy” rating and $2800 target.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It is negative, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Ontario – Canada-based Mackenzie has invested 1.16% in Bank of America Corporation (NYSE:BAC). Cap Advsr Ok accumulated 0.17% or 95,111 shares. Flippin Bruce And Porter Inc accumulated 211,673 shares or 1.37% of the stock. Farmers Tru stated it has 9,251 shares. Advantus Cap holds 971,623 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.36% of its portfolio in Bank of America Corporation (NYSE:BAC) for 856,085 shares. Fcg Advsrs Ltd Liability Corp has invested 0.2% in Bank of America Corporation (NYSE:BAC). Meridian Counsel owns 192,015 shares. Johnson Counsel Incorporated has invested 1.01% in Bank of America Corporation (NYSE:BAC). Gardner Russo Gardner Limited Com owns 47,975 shares or 0.01% of their US portfolio. Alethea Capital Mgmt Limited Company stated it has 20,000 shares. Psagot Investment House holds 0.04% or 27,259 shares in its portfolio. Perella Weinberg Prtn Management LP invested in 0.64% or 524,762 shares. Dynamic Advisor Solutions Ltd Liability Corp stated it has 12,692 shares. Indexiq Advisors Limited Liability Company reported 147,057 shares.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on October, 12. They expect $0.64 earnings per share, up 33.33% or $0.16 from last year’s $0.48 per share. BAC’s profit will be $6.41B for 12.14 P/E if the $0.64 EPS becomes a reality. After $0.63 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 1.59% EPS growth.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank of America to redeem certain outstanding depositary shares” on July 26, 2018, also Seekingalpha.com with their article: “Bank Of America: Nothing Lasts For Ever” published on July 19, 2018, Seekingalpha.com published: “Bank Of America Is Banking On A Strong Economy” on July 26, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: Shareholder Cash Rewards” published on July 19, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: Downside Protection” with publication date: July 05, 2018.

More notable recent Lululemon Athletica Inc. (NASDAQ:LULU) news were published by: Nasdaq.com which released: “Don’t Rush to Pick Up L Brands as It Continues Its Downward Spiral” on July 18, 2018, also Fool.ca with their article: “Is Canada Goose Holdings Inc. (TSX:GOOS) Our Country’s Best Apparel Export?” published on July 27, 2018, Seekingalpha.com published: “3 Reasons Lululemon Is Still Cheap” on July 24, 2018. More interesting news about Lululemon Athletica Inc. (NASDAQ:LULU) were released by: Nasdaq.com and their article: “Lululemon Athletica Shares Climb Following Analyst Meeting” published on July 07, 2018 as well as Nasdaq.com‘s news article titled: “The 3 Best Retail Stocks of 2018 (So Far)” with publication date: July 04, 2018.

Among 41 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 22 have Buy rating, 1 Sell and 18 Hold. Therefore 54% are positive. Lululemon Athletica Inc. had 218 analyst reports since August 18, 2015 according to SRatingsIntel. Goldman Sachs maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Thursday, March 31. Goldman Sachs has “Sell” rating and $48 target. The firm has “Buy” rating given on Friday, December 1 by Needham. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, August 8. Wells Fargo maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Wednesday, March 28. Wells Fargo has “Market Perform” rating and $82 target. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Buy” rating by Cowen & Co on Monday, January 8. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, December 6. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Buy” rating by Oppenheimer on Friday, June 2. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, December 6 report. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Sell” rating by Zacks on Monday, August 31. The stock has “Underperform” rating by CLSA on Thursday, January 19.

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on August, 30. They expect $0.49 EPS, up 25.64% or $0.10 from last year’s $0.39 per share. LULU’s profit will be $64.90 million for 61.06 P/E if the $0.49 EPS becomes a reality. After $0.55 actual EPS reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts -10.91% negative EPS growth.

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

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