Shares of athleisure giant Lululemon Athletica Inc (NASDAQ: LULU) are currently trading just above $160, up over 10% from the multi-year lows they set in the last week of March. While that bounce is encouraging, it’s done little to change the bigger picture. The stock remains down around 28% from its December highs and nearly 70% from its all-time peak, making it one of the more painful holds in the retail and apparel space over the past couple of years.
For those who have invested through that selloff, the pain is understandable. However, for those of us on the sidelines, the setup is looking far more interesting. Let’s jump in and take a closer look at why this could soon be the mother of all buying opportunities.
