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Is Lululemon Athletica Stock a Buy This Month?

Lululemon Athletica's (NASDAQ: LULU) stock recently rallied to its highest levels in nearly three months after it posted its fourth-quarter earnings report on March 29. The athletic apparel retailer's revenue rose 23% year-over-year to $2.1 billion, which met analysts' expectations. Its adjusted earnings increased 31% to $3.37 per share and beat estimates by a dime.

Those headline numbers seemed solid, but Lululemon's stock remains roughly 24% below its all-time high from last November. Should investors buy some shares of this growing retailer in April before the bulls rush back in?

Image source: Getty Images.

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