In the following video, Motley Fool analyst Austin Smith tells us whether or not he would buy lululemon athletica (NASDAQ:LULU) today. He tells us that while the growth story for Lululemon could be attractive, it's an incredibly expensive growth story at the moment with the unbelievably high multiples the company is trading at. He also gives us two other companies in the retail space that he would see as more attractive buys, and better bets at the moment.

Austin Smith owns shares of Buckle and Coach. Eric Bleeker has no position in any stocks mentioned. The Motley Fool recommends Coach, lululemon athletica, and Buckle. The Motley Fool owns shares of Coach and The Buckle. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.