Lululemon Athletica Inc. (LULU)

Executive Summary

Lululemon Athletica is the dominant premium athletic-apparel brand in North America, the originator of the modern technical-athleisure category, and — at $125.40 — a stock that has lost roughly 63 percent of its value from the December 2023 peak near $340. The market capitalization stands at $13.64 billion against trailing-twelve-months revenue of $11.10 billion, net income of $1.58 billion, and diluted earnings per share of $13.26. On those numbers the stock trades at 9.5x trailing earnings and roughly 11.4x consensus forward earnings. As recently as 2023 the same stock changed hands at 40x. That is the compression.

What’s Inside The Full Report

• 15-year financial summary table — revenue, net income, GAAP & adjusted EPS
• Valuation framework — current multiples vs. 5-year historical range
• Peer comparison table — multiples, margins, balance-sheet metrics
• Base case, bull case, bear case price targets with explicit math
• Competitive position and economic moat analysis
• Management and capital allocation track record
• Balance sheet review — leverage, credit ratings, distribution coverage
• Insider activity — recent open-market buys / sells with interpretation
• Strategic acquisitions and divestitures history
• Sell-side consensus and where TTCM differs
• Detailed risk factors specific to the name
• Bull case and forward catalysts to watch
• TTCM rating with explicit ADD / TRIM price triggers