Lululemon Athletica (LULU) has long been a market favorite in the premium athletic wear space, but 2025 has been brutal for the stock. More News from BarchartHowever, is LULU stock too cheap to ignore, or does it lack any immediate catalyst to push its share price higher? What’s Behind the Drop in LULU Stock? Competition in the athletic apparel market has intensified, with both established rivals and new entrants vying for market share. www.barchart.comA Look at Lululemon’s ValuationGiven the sharp selloff in Lululemon stock, it trades at a forward price-earnings ratio of 13.3x.