What to Know Before Buying Lululemon Stock
Lululemon Athletica (NASDAQ: LULU) has been one of the best-performing apparel stocks on the market over this century. Since its 2007 IPO, the stock, which is best known for pioneering the athleisure category, has jumped 1,090%. Those gains were much more impressive before the stock tumbled this year, though.
Year-to-date through Nov. 19, the stock was down 57%, making it one of the worst performers in the S 500 (SNPINDEX: ^GSPC) this year.
Like other apparel companies and much of the discretionary goods sector, including Deckers, Nike, , and Chipotle, Lululemon is seeing a pullback in demand as sales in its core North American market have essentially flatlined. In the second quarter, comparable sales fell 4% in the Americas, and revenue in the region was up just 1%.
Source Fool.com
Lululemon Athletica Inc. Stock
Our community is currently high on Lululemon Athletica Inc. with 33 Buy predictions and 5 Sell predictions.
As a result the target price of 259 € shows a very positive potential of 86.87% compared to the current price of 138.6 € for Lululemon Athletica Inc..
