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Shares of apparel company Lululemon Athletica (NASDAQ: LULU) shot up on Friday after the company provided a solid financial report for its third quarter of 2024 and raised its full-year guidance.
Lululemon trades today at a mere 20.4 price-to-earnings ratio, which is dirt cheap for the stock historically. But that valuation could begin to look quite expensive if sales growth continues to slow.
The last time Lululemon's stock was priced this low was after a pandemic-fueled crash in 2020.
Lululemon shares are running the risk of getting out of shape, Jefferies Analyst Randal Konik warned in a new note on Monday, as the analyst slashed his rating on the stock to "underperform."
The apparel brand is going through a rough patch with new product launches.
Lululemon Athletica (NASDAQ: LULU) has risen up the ranks and successfully carved out a niche in the competitive apparel sector. Its shares have been a big winner, climbing 672% in the past decade ...
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For investors, the attraction of Lululemon stock today starts with an assumption that its sell-off has gone too far. Despite the macroeconomic challenges, the company remains a growth story with ...
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