Law Offices of Howard G. Smith Continues Investigation of Lululemon Athletica Inc. (LULU) on Behalf of Investors

Law Offices of Howard G. Smith continues its investigation on behalf of Lululemon Athletica Inc. (“Lululemon” or the “Company”) (NASDAQ: LULU) investors concerning the Company’s possible violations of federal securities laws.

On July 25, 2024, multiple analysts lowered their Lululemon price targets due to concerns about the Company’s financial performance, specifically regarding its recently-launched Breezethrough line. Analysts specified that the line suffered from “inconsistent” inventory allocation and pricing, and an apparent pause of the line altogether.

On this news, Lululemon’s stock price fell $24.74, or 9.1%, to close at $247.32 per share on July 25, 2024, thereby injuring investors.

If you purchased Lululemon securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone] or by email to [e-mail], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240802782745/en/

The Lululemon Athletica Stock at the time of publication of the news with a fall of -5,14 % to 236,3EUR on Nasdaq stock exchange (02. August 2024, 23:43 Uhr).