LULU - 3 Things to Know About Lululemon Before You Buy the Stock
2024-06-13 10:00:00 ET
Lululemon Athletica (NASDAQ: LULU) just reported revenue and earnings for the first quarter of its new fiscal year that beat Wall Street estimates. It's no wonder shares jumped immediately after the news.
Zooming out tells a different story, however. At Wednesday's prices, this beaten-down apparel stock was roughly 40% off its all-time highs.
Investors might be looking at Lululemon as a potential portfolio addition. Before you make an investment decision, here are three things you need to know.
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3 Things to Know About Lululemon Before You Buy the Stock