Has anyone looked into Lululemon?

They have weathered the covid situation better than most of their competitors. Last I heard they were down 17% in revenue. Compared to Nike and Adidas who are around 40% down.

Massive increase in online sales - Up over 150%

Acquisition a few months ago of mirror a start up company that fits perfectly in with their brand. Subscription based and set to be profitable in 2021. Picked up cheaply.

Increased profit margins year on year.

Recently a dip along with the tech sell off in the last few days.

I need to look more into them, have not done a DCF on them as of yet. Still believe there is plenty of growth on the horizon but with a PE of 76 I'm not so sure if it's a buy yet. Still need to do more research.

I love the brand, my partner has purchased plenty over the years. Fantastic customer service. Returns without an issue and offers of free gift cards worth more than what she paid sometimes for any inconvenience.

Any thoughts?