Lululemon’s 50% Decline May Be Over as Reddit Sentiment Shifts To “Buy Now”

Quick Read Lululemon (LULU) trades at 14x forward earnings after falling 50% to $192.47. Lululemon beat Q3 estimates with $2.59 EPS and $2.57B revenue. BTIG maintains a $303 price target. Nike (NKE) declined 11% over the past year but stabilized with 1.5% year-to-date gains. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Shares of Lululemon (NASDAQ:LULU) are trading at $192.47 after a brutal 50% ...