Umpqua Bank Has $623,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Umpqua Bank lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,295 shares of the apparel retailer’s stock after buying an additional 180 shares during the quarter. Umpqua Bank’s holdings in Lululemon Athletica were worth $623,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LULU. Larson Financial Group LLC lifted its stake in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Lululemon Athletica in the 3rd quarter worth about $29,000. Versant Capital Management Inc lifted its holdings in shares of Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 40 shares during the last quarter. JFS Wealth Advisors LLC grew its position in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of Lululemon Athletica in the second quarter worth $33,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LULU. JPMorgan Chase & Co. cut their target price on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Truist Financial lifted their price objective on Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America decreased their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Raymond James reduced their target price on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Monday, September 2nd. Finally, KeyCorp lowered their target price on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $357.13.

Lululemon Athletica Stock Performance

Shares of LULU traded down $1.81 during mid-day trading on Wednesday, reaching $317.42. 137,870 shares of the company’s stock traded hands, compared to its average volume of 2,100,705. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a market capitalization of $38.97 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24. The business’s 50-day moving average price is $276.41 and its 200-day moving average price is $291.84.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.68 earnings per share. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.