Shares of Lululemon Athletica (NASDAQ: LULU) have dropped 55% this year, reflecting weak consumer spending and sales growth, a trend also seen in other retail brands like Nike. The stock is trading at a low multiple of forward earnings, highlighting Wall Street’s bearish sentiment, partly due to Lululemon’s focus on athleisure and fashion-driven apparel, which can be vulnerable to changing style preferences. This situation presents a potential buying opportunity for investors at an attractive valuation.
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