Is Lululemon Athletica Stock Underperforming the Nasdaq?

Valued at a market cap of $31.9 billion, Lululemon Athletica Inc. (LULU) designs, distributes, and retails athletic apparel, footwear, and accessories for both men and women. Based in Vancouver, Canada, the company offers pants, shorts, tops, and jackets designed for healthy lifestyles and athletic pursuits, such as yoga, training, running, and other fitness activities.

Companies worth more than $10 billion are generally described as “large-cap” stocks, and Lululemon Athletica fits this criterion perfectly. The company started as a retailer of yoga pants and other yoga wear and has now expanded to sell athletic wear, lifestyle apparel, accessories, and personal care products through its over 700 stores worldwide and e-commerce platforms.