Description: Lululemon Athletica Inc. (LULU.O 14.13%) shares soared to a record high on Thursday after the maker of upscale yogawear topped fourth-quarter estimates and its forecast eased concerns of decelerating sales.

Source: BNNBloomberg.ca – video report

Date: Mar 28, 2019

Link: https://www.bnnbloomberg.ca/lululemon-surges-to-record-high-after-near-flawless-execution-1.1236152

Questions for discussion:

• Explain the current valuation for the firm?
• Do you think the stock has moved too far too soon or is the best yet to come?