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Why Lululemon Stock Was Up 15% in August

TheMotleyFool

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Why Lululemon Stock Was Up 15% in August

Shares of athletic-apparel company lululemon athletica (NASDAQ: LULU) went up 15.4% in August, according to data provided by S&P Global Market Intelligence. The company didn't have any news to report during the month, but a couple of analysts raised their price targets on the stock, anticipating solid upcoming results for the fiscal second quarter of 2020.

However, in the last week or so, some analysts have started ringing the alarm on Lululemon stock, warning it may be overvalued. Shares are up over 50% year to date.