This valuation is going to get ripped apart over the next 8 months. It is over! The "story" of tremendous growth is over. They are even pretending that opening men's stores willl continue it, not even propogating the nonsense that there were more crazy women than the ones who already spend 1.4B on 100 yoga pants that would continue their growth.
yea, you're right. Buy this company for its puny 1.4B revenues ad limited market(too expensive) and its 9.4B valuation(there are medical services companies with wider moats trading at less valuations for similar earnings).
You can get Deckers for a fifth of the price and better production of cash. Lululemon is done. Every overpriced stock reaches a top. Lots of people never saw it getting here, but the fund managers tht took it here now know its over, otherwise there would not have been a 20% pop after the last earnings report.