Umpqua Bank Sells 315 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Umpqua Bank cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 13.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,980 shares of the apparel retailer’s stock after selling 315 shares during the period. Umpqua Bank’s holdings in Lululemon Athletica were worth $770,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Investment Partners Asset Management Inc. acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at about $275,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after acquiring an additional 34,704 shares during the last quarter. Lebenthal Global Advisors LLC lifted its holdings in shares of Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after acquiring an additional 1,565 shares during the last quarter. Montag A & Associates Inc. raised its holdings in Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after buying an additional 3,540 shares during the last quarter. Finally, Northeast Investment Management bought a new position in Lululemon Athletica in the 4th quarter valued at approximately $276,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on LULU. Piper Sandler raised their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Guggenheim raised their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research note on Friday, January 10th. Robert W. Baird boosted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Raymond James restated an “outperform” rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.10.

Lululemon Athletica Trading Down 0.6 %

Shares of Lululemon Athletica stock opened at $322.62 on Friday. The firm has a market capitalization of $39.29 billion, a PE ratio of 23.29, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm’s 50-day moving average price is $369.92 and its 200 day moving average price is $336.38.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.48% of the company’s stock.

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.