Lululemon's Grim Performance: Stock Down 56.9% from 52-Week High

Lululemon Athletica Inc. (LULU) has underperformed the Nasdaq Composite, declining 56.9% from its 52-week high and 52.3% on a YTD basis. The company's Q2 results missed consensus estimates for net revenues, while EPS surpassed expectations. LULU has also underperformed peer Adidas AG, with a consensus rating of "Hold" and a mean price target of $185.88, suggesting a 2% upside potential from current price levels.