The sell-off and the troubles surrounding Lululemon have caught the attention of many people, including its founder and previous CEO, Chip Wilson. He doesn't seem all that surprised by its challenges, as he doesn't appear to be convinced that the business is going in the right direction.

Lululemon Athletica’s shares spiked Friday after the company’s CEO Calvin McDonald announced his resignation amid declining US sales, with its founder putting the board on notice about a potential proxy battle.

By Savyata Mishra Dec 12 (Reuters) - Lululemon Athletica's CEO shake-up has put the spotlight on the once-dominant yoga pants maker's race to wrest back younger and affluent shoppers from rivals and revive its sagging U.

The stock's sell-off created a unique buying opportunity. But is it too late to buy?

For the third-quarter, analysts expect revenue of roughly $2.48 billion and EPS of $2.21. Market sentiment remains mixed. While Telsey maintained a $200 price target, Guggenheim initiated coverage on Wednesday with a Neutral rating.

Lululemon Athletica's shares surged 10% in premarket trading on Friday as a CEO shake-up sparked hopes of a turnaround at the yogawear maker looking to revive its sluggish U.S. business and win back younger,

Lululemon's CEO will hand over his company on an earnings beat, to a replacement yet-to-be-named.

Concerns about the chip maker's sales forecasts, contracts backlog and anticipated future margins [overshadowed its rapid revenue growth](

Lululemon Athletica has received a total of 12 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $210.33, the consensus suggests a potential 15.39% upside.