Lululemon Athletica (NASDAQ: LULU) has been one of the highest-growth athletic apparel retailers in recent history. It easily weathered the pandemic, and it continued to open new brick-and-mortar stores as other apparel retailers shuttered their struggling stores to cut costs. It's also still on track to generate double-digit sales growth for the foreseeable future.

Yet, Lululemon's stock has still declined more than 20% this year as inflation, rising interest rates, and other macro headwinds drove the major indexes into a grueling bear market. But does Lululemon's pullback represent a good opportunity to buy some shares of its high-flying stock -- which has still rallied more than 400% over the past five years?

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Source Fool.com