Down 20% in 2022, Is Lululemon Stock a Buy?
Lululemon Athletica (NASDAQ: LULU) has been one of the highest-growth athletic apparel retailers in recent history. It easily weathered the pandemic, and it continued to open new brick-and-mortar stores as other apparel retailers shuttered their struggling stores to cut costs. It's also still on track to generate double-digit sales growth for the foreseeable future.
Yet, Lululemon's stock has still declined more than 20% this year as inflation, rising interest rates, and other macro headwinds drove the major indexes into a grueling bear market. But does Lululemon's pullback represent a good opportunity to buy some shares of its high-flying stock -- which has still rallied more than 400% over the past five years?
Image source: Getty Images.
Source Fool.com
