Lululemon Rises On Unusually High Volume (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 (Nasdaq:LULU) is trading at unusually high volume Friday with 11.2 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $6.63 (+9.7%) at $75.23 as of 12 p.m. ET.

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Lululemon has a market cap of $7.44 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 43% year to date as of the close of trading on Thursday.

lululemon athletica inc., together with its subsidiaries, designs, manufactures, and distributes athletic apparel for women, men, and female youth. The company has a P/E ratio of 49.1, equal to the average consumer non-durables industry P/E ratio and 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 good cash flow from operations. 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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