I'm locking in my profits on Lululemon and downgrading the stock to a neutral rating, after a fierce rebound rally that has the stock up ~70% since August. At a 26x FY25 P/E ratio, Lululemon's ...

Once upon a time, nearly every girl in the U.S. dreamed of owning a pair of Lululemon leggings. Most of us remember the envy we felt when seeing friends strutting down the streets in a pair of ...