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
103,40 €
-0,39 %
Lululemon Athletica Inc. sticht etwas positiv hervor mit 22 Buy- und 7 Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 195 € für Lululemon Athletica Inc. impliziert eine Steigerung von über 50% gegenüber 103.4 €.
