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

Umpqua Bank grew its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,295 shares of the apparel retailer’s stock after buying an additional 180 shares during the period. Umpqua Bank’s holdings in Lululemon Athletica were worth $623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB boosted its holdings in shares of Lululemon Athletica by 4.0% in the first quarter. Nordea Investment Management AB now owns 8,261 shares of the apparel retailer’s stock valued at $3,250,000 after buying an additional 321 shares during the period. Commerce Bank increased its position in shares of Lululemon Athletica by 11.9% during the 1st quarter. Commerce Bank now owns 15,765 shares of the apparel retailer’s stock worth $6,159,000 after purchasing an additional 1,674 shares during the last quarter. Mitchell Capital Management Co. raised its holdings in shares of Lululemon Athletica by 4.6% in the 1st quarter. Mitchell Capital Management Co. now owns 4,288 shares of the apparel retailer’s stock valued at $1,675,000 after purchasing an additional 190 shares during the period. Advisory Services Network LLC lifted its position in shares of Lululemon Athletica by 50.2% in the first quarter. Advisory Services Network LLC now owns 8,444 shares of the apparel retailer’s stock valued at $3,299,000 after buying an additional 2,822 shares during the last quarter. Finally, Capital City Trust Co. FL increased its holdings in shares of Lululemon Athletica by 3.8% during the 1st quarter. Capital City Trust Co. FL now owns 7,223 shares of the apparel retailer’s stock worth $2,822,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on LULU shares. JPMorgan Chase & Co. decreased their price target on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. UBS Group decreased their price objective on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. The Goldman Sachs Group downgraded shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their price target for the company from $463.00 to $286.00 in a research note on Friday, August 2nd. Wedbush reduced their price target on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Finally, Sanford C. Bernstein dropped their target price on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.13.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction 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 sale, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Down 0.6 %

NASDAQ LULU traded down $1.81 during trading hours on Wednesday, reaching $317.42. The company had a trading volume of 137,870 shares, compared to its average volume of 2,100,705. 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. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The stock has a 50-day moving average of $276.41 and a 200 day moving average of $291.84.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.68 EPS. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

About Lululemon Athletica

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.