Lululemon Adds Chip Bergh to Board Amid Refresh

Lululemon Athletica ( (LULU) ) just unveiled an update.

Lululemon Athletica announced on March 17, 2026, that former Levi Strauss & Co. president and CEO Chip Bergh has joined its board of directors as an independent director, following a March 13 board vote that temporarily expanded the board to 10 members. Bergh, who also serves on the boards of HP Inc., Pinterest, and e.l.f. Beauty and teaches at Harvard Business School, will sit on key governance and compensation committees and is expected to bolster Lululemon’s strategic capabilities in global branding and retail at a time of ongoing CEO succession planning.

Bergh will stand for election at the 2026 annual meeting in place of long-serving director and current lead director David Mussafer, who informed the company on March 13, 2026, that he will retire from the board at the end of his term, after first joining in 2005 and helping guide Lululemon’s international growth. With Mussafer’s planned departure and Bergh’s arrival, the board will revert to nine members after the annual meeting, underscoring Lululemon’s emphasis on board refreshment and governance continuity while it seeks to support long-term, sustainable growth and shareholder value.

The most recent analyst rating on (LULU) stock is a Hold with a $190.00 price target. To see the full list of analyst forecasts on Lululemon Athletica stock, see the LULU Stock Forecast page.

Spark’s Take on LULU Stock

According to Spark, TipRanks’ AI Analyst, LULU is a Outperform.

The score is driven primarily by strong underlying fundamentals (profitability, returns, and solid balance sheet), partially offset by slowing recent growth and weaker cash conversion. Technicals are improving but not fully bullish given the stock remains below the 200-day average. Valuation appears reasonable at a mid-teens P/E, while the latest earnings call signals a mixed near-term setup (international/digital strength vs U.S. softness and margin pressure).

To see Spark’s full report on LULU stock, click here.

More about Lululemon Athletica

Lululemon Athletica Inc. is a technical athletic apparel, footwear, and accessories company focused on yoga, running, training, and related activities, selling performance-driven products and experiences that emphasize fabric innovation, functional design, and community engagement. The Vancouver-based brand operates globally in the athletic and lifestyle sector, targeting consumers seeking premium, innovation-led activewear and wellness-oriented offerings.

Average Trading Volume: 2,943,203

Technical Sentiment Signal: Sell

Current Market Cap: $19.58B

See more insights into LULU stock on TipRanks’ Stock Analysis page.