Lululemon Stock Is Down 30% From Its High. Time to Buy?
Investor attitudes around growth stocks have changed dramatically since Lululemon Athletica (NASDAQ: LULU) shares hit their all-time high in late 2021. The stock traded at over $450 per share at the time, and Wall Street was projecting soaring sales and earnings ahead.
2022 turned out differently thanks to pressures like inflation, slowing consumer spending, and a move away from e-commerce following nearly two years of all-digital shopping. Those trends helped push Lululemon's stock price down to about $320 by early 2023, or about 30% below its record.
Let's take a look at whether that move creates an enticing buying opportunity for investors seeking growth today.
Source Fool.com
