Lululemon Athletica LULU.O falls ~1.6% to $156.77 premarket
Athletic wear maker forecasts 2026 revenue, profit below analysts' estimate
Appoints former Levi Strauss LEVI.N chief to board, which is facing proxy fight
Piper Sandler says co showing some progress in thinking through turnaround in U.S., with inventories that appear better managed
Adds stock under-owned at ~13x price-to-earnings ratio; new CEO pick crucial for stock's future path
Q4 gross margin falls 550 basis points to 54.9%
Stock rated "hold" on average; median PT is $189.5, per data compiled by LSEG
As of last close, LULU down ~23.3% this year