Is lululemon Stock's High P/E Ratio Growth Indicator or Risky Affair?

lululemon athletica inc. (LULU) has maintained a robust growth trajectory (which reflects momentum across its international markets and Canada), a strong men’s category, and better long-term growth potential compared with other lifestyle retailers.However, the company’s current forward 12-month price-to-earnings (P/E) multiple of 26.14X raises concerns about whether the stock's valuation is justified. This multiple is significantly higher than the Zacks Textile - Apparel industry average of 14.72X, making t ...