Down 23% This Year, Is Lululemon Athletica Stock a Buy?
Short-term returns can quickly turn negative for any stock, but this is especially true for one that had been soaring before bad news came to light. That's the tough situation that Lululemon Athletica (NASDAQ: LULU) shareholders recently faced.
The stock had been rallying heading into its fiscal Q4 earnings report on March 21, but fell hard in the immediate wake of that announcement. Shares are now trailing the return of the wider market over the past year after having roughly doubled the S 500's 30% gain before that report.
There were some good reasons for the pullback, mainly tied to a weakening retail selling environment in the core U.S. market. Let's look at whether investors are overreacting to that stumble, though, and potentially making the stock a great buy for 2024 and beyond.
Source Fool.com
Lululemon Athletica Inc. Aktie
Die Community zeigt leichtes Interesse an Lululemon Athletica Inc. mit mehr Buy- als Sell-Einschätzungen.
Für Lululemon Athletica Inc. sieht die Community ein Kursziel von 459 €, was eine erhebliche Steigerung um über 50% gegenüber dem aktuellen Kurs von 281.3 € bedeutet.
