With lululemon athletica (NASDAQ:LULU) stock having taken a hit today, some investors are concerned that the company's insane valuation has finally burst. In this video, Motley Fool analyst Austin Smith tells us his take on Lululemon, where the company's incredible numbers from 2012 came from, and whether he feels the company can keep delivering for investors even at these lofty multiples.

Austin Smith has no position in any stocks mentioned. Eric Bleeker has no position in any stocks mentioned. The Motley Fool recommends lululemon athletica. 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.