Lululemon Athletica Inc. is a well-known lifestyle-inspired athletic apparel company based in Vancouver, Canada, with a market cap of $21.6 billion. The company has seen its stock drop by 56.9% from its 52-week high, and has declined 8.2% over the past three months. Despite international sales growth, its Q2 results led to an 18.6% stock price plunge in a single trading session. LULU has underperformed compared to its peer Adidas AG, and analysts currently rate the stock a “Hold” with a mean price target of $185.88, suggesting a 2% upside potential from current levels.
Read more at Barchart: Is Lululemon Athletica Stock Underperforming the Nasdaq?
