What's Wrong With Lululemon Stock?
At one point in time, (NASDAQ: LULU) was a darling of the stock market, loved by investors, with shares trading up over 3,000% from its initial public offering (IPO) around 20 years ago. No longer. The stock has collapsed and it now trades at one of its lowest valuations ever, driven by a narrative around increased competition in athleisure apparel and declining category sales in North America. Lululemon stock now trades down 64% from all-time highs, its worst drawdown since the Great Recession in 2008-09.
Let's dissect the problems with Lululemon's business today and see if this discounted price makes the stock a buy.
Image source: Getty Images.
Source Fool.com
Lululemon Athletica Inc. Aktie
134,60 €
-2,60 %
Die Lululemon Athletica Inc. Aktie ist etwas beliebter: Mehr Buy- (34) als Sell-Einschätzungen (5).
Ein Kursziel von 259 € für Lululemon Athletica Inc. signalisiert eine potenzielle Steigerung von über 50% gegenüber dem aktuellen Kurs von 134.6 €.
