Was Jim Cramer Right About These 23 Stocks?

12. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 60

Lululemon Athletica Inc. (NASDAQ:LULU) is a top global brand in premium athletic apparel, best known for pioneering the athleisure trend. When asked about it, Cramer expressed concern about increased competition facing the company back then.

“I am now beginning to believe that there are people who have figured out Lululemon’s formula and are coming after it. There’s Vuori, there’s the new Gap Athleta re-energized. I just think that the competition has heated up.”

Lululemon Athletica Inc. (NASDAQ:LULU) has dropped by 15.71% since that episode aired.

Cramer remains of the opinion that Lululemon Athletica Inc. (NASDAQ:LULU) is facing increased competition and that hurts the stock. Here’s what he said on the 7^th of March:

“Athleta, David, could be taking share from Lulu. I asked whether there was an existential threat to Lulu. Lulu’s much more expensive. . .everything is much more expensive.”