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Lululemon Keeps Wall Street Backing With Yet Another Beat

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Lululemon Athletica Inc. investors don’t seem to mind the yoga-wear maker’s stretched valuation—trading at a P/E ratio of about 44 times, more than twice the S&P 500’s. The Vancouver-based company has beaten all sorts of Wall Street estimates over the past two years: net sales in each of the past eight quarters; adjusted per-share earnings…

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