<div id="readability-page-1">Lululemon Athletica ( LULU ) stock price continued its strong downward trend, reaching its lowest level since December 2018, with its market capitalization falling from $67.2 billion to $14.3 billion today. The stock has plunged amid concerns about its growth trajectory amid the rising competition from companies like Nike ( NKE ) , Gap's Athleta, Vuori, and Alo Yoga. Lululemon's growth has slowed substantially in the past few years. Gone are the days when it constantly experienced double-digit revenue growth. Its most recent earnings revealed that its revenue rose by just 1% in the fourth quarter to $3.6 billion. Its Americas business experienced a 1% revenue decline, which was offset by its international business, which grew by 17%. Its annual revenue rose by 5% to $11.1 billion, helped by its international business, which grew by 22%. Worse, analysts don't expect substantial growth in the coming year. Analysts predict that its annual revenue this year will be $11.48 billion, up by 3.3% YoY, followed by $11.9 billion in 2027. Read Also: Nio Stock Forms Rare Bullish Pattern As Earnings Loom The hope, therefore, is that Heidi O’Neill, the new CEO, will reinvigorate its revenue growth and profitability. Her plan is to launch new and differentiated products and elevating its experiences. Precisely, she is focusing on new products by Jonathan Cheung, the creative director. Wall Street analysts are relatively pessimistic about the company, with most of them reducing their targets. JPMorgan's Matthew Boss slashed his target from $196 to $173, while Baird's Mark Altschwager cut from $190 to $170. Other analysts who slashed their LULU stock forecasts were from companies like Citigroup, BNP Paribas, and Stiffel. <h2>LULU Stock Has Become A Bargain And Oversold</h2> The lower growth and analysts’ estimates explain why the company has become a bargain, which is why Elliot Management bought a $1 billion stake. Its forward price-to-earnings ratio has moved to 9.68, much lower than the five-year average of 30. The stock has also become one of the most oversold in the S&amp;P 500. Its Relative Strength Index has fallen to 24, its lowest level since August last year. The last time it was this oversold, it rallied 40% and peaked at $226 in December. &lt;figure class=&#34;wp-block-image size-large&#34;&gt;<img width="1024" height="567" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/17171706/Lululemon-Stock-1024x567.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/17171706/Lululemon-Stock-1024x567.png"/>&lt;figcaption class=&#34;wp-element-caption&#34;&gt;LULU stock price chart | Source: TradingView&lt;/figcaption&gt;&lt;/figure&gt; While the downtrend may continue, there is also a possibility that bargain hunters will swoop in and buy the dip. The potential catalyst for this would be its upcoming earnings, expected on June 4. Read Also: Gold Price Nears Death Cross As GLD And IAU ETFs Outflows Jump Image: Shutterstock</div>

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Lululemon Athletica's stock has hit its lowest level since December 2018, with a market cap drop from $67.2 billion to $14.3 billion. Revenue growth has slowed, with a mere 1% increase in Q4. Analysts predict only a 3.3% YoY revenue rise this year. New CEO Heidi O’Neill aims to revitalize growth through new products. Despite analysts reducing targets, LULU stock is considered oversold, attracting bargain hunters, especially with a forward P/E ratio of 9.68. Upcoming earnings on June 4 may influence market sentiment.

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JPMorgan Chase

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JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

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JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

CITIGROUP INC 6.250 NON CUM SER II PFD WI

STIFEL FINANCIAL CORP 6.125% DEP SHS REP 1/1000 NON CU PF SR C

Stifel Financial Pref Share SFB 5.2 10/15/47

STIFEL FINANCIAL CORP 6.25%NON CUM DEP SHS REP 1/1000TH SER B

STIFEL FINANCIAL CORP 4.50% DEP SHS REP 1/1000TH PREF SHS SR D

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Lululemon Stock Hits Extreme Oversold Territory as Analysts Maintain Bullish Forecasts