With its recent close of $75.78, lululemon's (LULU) stock price has more than recovered from the recent "pants-gate" scandal and is within striking distance of its all-time high. In fact, the stock is currently over 10% above its pre-pants-gate closing price of $68.48 on March 15th. This recent rally in share price is on the back of:
- Market digestion of on balance positive Q4 results
- Management's presumably proactive and quick response to quality issues appear to have minimized both shortage delays as well as brand and reputational damage. Analysts are now expecting product to return to shelves faster than anticipated (here)
- News that noted retail specialist and billionaire investor Steve Mandel's Lone Pine Capital has increased
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