1 Growth Stock Down Almost 40% to Buy Right Now
lululemon(LULU) The Motley Fool·2024-06-11 09:25
Lululemon's remarkable track record offers reasons to believe better days are ahead for the company.Share prices of athleisure clothing company Lululemon Athletica (LULU 0.13%) are down by roughly 40% from their December 2023 peak. Given its strong performance as a company, especially since 2020, is this stock ready for the bargain bin?When the COVID-19 pandemic hit, Lululemon benefited from increased consumer spending on a range of goods. That increased spending was driven by the combination of stimulus ch ...