Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Umpqua Bank

Umpqua Bank lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,980 shares of the apparel retailer’s stock after selling 315 shares during the quarter. Umpqua Bank’s holdings in Lululemon Athletica were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of LULU. TCTC Holdings LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at $26,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the fourth quarter valued at about $32,000. Sound Income Strategies LLC increased its holdings in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Finally, Asset Planning Inc purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $322.62 on Friday. The stock has a market cap of $39.29 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.22 and a beta of 1.21. The firm has a 50 day moving average price of $369.92 and a 200 day moving average price of $336.38. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.

Analyst Ratings Changes

Several research firms have commented on LULU. Guggenheim lifted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research note on Friday, January 10th. Oppenheimer boosted their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Raymond James reaffirmed an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Finally, Truist Financial boosted their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One equities research 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.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.10.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

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.