Lululemon (LULU) Stock Is 80% Below Its All-Time High: 1 Metric That Shows How Bearish Wall Street Has Become.

Key Points The stock’s precipitous fall has resulted in a single-digit P/E ratio -- a huge discount to the overall market. Lululemon recently reported a rare year-over-year revenue decline, a disappointing result. Management faces an uphill battle to try and right the ship, as it won’t be easy to return to durable growth. 10 stocks we like better than Lululemon Athletica Inc. › It's hard to imagine that Lululemon Athletica (NASDAQ: LULU) was once one of the best performing stocks on the market. Over the five-year stretch leading up to their all-time high in December 2023, shares had catapulted 321% higher. But it's been a wildly disappointing story since then. This consumer discretionary stock currently trades 80% below that record (as of Sept. 24).