Yahoo Finance's Brian Sozzi discusses why Lululemon stock is lower today.
BRIAN SOZZI: One company we do know a lot about, that is Lululemon. And we're seeing some cautious commentary on Lululemon here this morning by an analyst-- escaping me right now. But still, they are out there, cautious with Lululemon, an underperform rating, saying that-- the analyst, Aneesha Sherman, I should say, cautious on Lululemon, a $260 price target here, worrying really about valuation here at current levels and slowing growth at the company.
JARED BLIKRE: Yeah, and Jefferies was out with a note the other week. I think their tone on the stock is cautious. They're saying footwear tends to carry lower margins from apparel. Management focus seems to be diverted from the core apparel business. And we know they tried to pivot and kind of ape the Peloton business, if you will. I don't know how that's coming along. But if you take a look at the YFi Interactive, let's chart some of these names here, and let me look for Lululemon. And there we go, down 8/10 of a percent yesterday.
This was one of the high flying stocks of the global financial crisis. It first came on my radar way back here in 2010. I think it was 2009, 2010. It was one of the first to break out from that huge load down there. And you can see, it's been a wild ride since about 2018. You take this down to a three-year look, and you can see still up 100%. But then you see the carnage over the last three months-- looks like a different story here.