Lulu, still a SuperStar?
$Lululemon Athletica(LULU.US$ as a specialty retailer famous for its popular yoga pants. Shares plunged 17% over the last month after the company guided for next year's earnings.![]()
Earnings of $Lululemon Athletica(LULU.US$ are still expected to rise 10.8% this year on sales growth of 12%. It has gotten cheaper on a P/E basis since the sell-off. Lululemon now trades at 27x forward earnings.![]()
What's more, although Lulu's target price has been downgraded, analysts are still giving "![]()
" ratings.![]()
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Mynor Garcia : Probably got something to do with the New York store locations having to let people walk out with handfuls of LULU merchandise for free, and it doesn't help that they fire the employees who try to stop them from doing that. Bubble or Bust? Lol, doesn't really matter it's already a freaking mess