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Lululemon Rises On Unusually High Volume (LULU)

Tickers in this article: LULU

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Lululemon Athletica (LULU">LULU) is trading at unusually high volume Thursday with 6.9 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.67 (+2.6%) at $65.97 as of 11:46 a.m. ET.

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Lululemon has a market cap of $7.7 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 11% year to date as of the close of trading on Wednesday.

lululemon athletica inc., together with its subsidiaries, designs, manufactures, and distributes athletic apparel and accessories for women, men, and female youth. It operates in three segments: Corporate-Owned Stores, Direct To Consumer, and Other. The company has a P/E ratio of 36.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lululemon as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Lululemon Ratings Report.

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