Battleground stock Lululemon (LULU -0.1%) is on the radar of traders after reports from Nike and...

|About: Lululemon Athletica Inc. (LULU)|By:, SA News Editor

Battleground stock Lululemon (LULU -0.1%) is on the radar of traders after reports from Nike and Finish Line set the table for debate on valuation for sporting apparel names. Bulls point to the strong sales trends in the sub-sector, while brushing off signs of increasing competition due to the company's strong brand loyalty. Buckingham Research pitches the bear case by noting LULU trades within 5% of its 52-week high with a $11B market cap - a valuation called "absurd" by analysts.