3 Things to Know About Lululemon Before You Buy the Stock

Shares of the athleisure pioneer have taken a major hit.Lululemon Athletica (LULU -0.63%) 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 ...