All appears forgiven with Lululemon.

The yoga apparel retailer, which stumbled earlier this year when 17 percent of their yoga pants had to be recalled, is back in the good graces of Wall Street and Main Street.

Customers at two Manhattan stores said they were not turned off by the pants fiasco — they were made too sheer, a problem that only revealed itself when they were put on and then the person bent over at the waist.

Korima Yusuf, 29, a yoga instructor shopping at the SoHo store, told The Post she loves the pants and didn’t seemed phased by the March recall.

Riley Duck, 17, a ballet student,bought her first pair of Wunder Under yoga pants the week of the recall and noticed she could see her underwear — but she liked them so much she continued wearing them.

“I didn’t hear about them until after I had already worn them and I still have them,” said the North Carolina native.

Lululemon, whose pants sell for up to $98, said it lost as much as $67 million in sales because of the recall — and some analysts at the time cut their outlook on the stock.

But the shares have now risen 23.6 percent since the recall. Analysts feel profits — which may see their first decline in four years when first quarter results are announced on Monday — will start to rise again in the second half of 2013.

At Barclays, analysts said they expect sales to grow in the quarter by about 20 percent, to $342.6 million, despite the recall.

Lululemon shares closed yesterday at $81.43, up 2.4 percent.