NEW YORK (TheStreet) -- Lululemon Athletica (LULU) - Get Report stock continues to surge, up by 11.15% to $68.07 on heavy trading volume on Wednesday, after the company posted strong 2015 fourth quarter results.

Before the market open today, the Vancouver-based athletic apparel company reported earnings of 85 cents per share, beating analysts estimates by 5 cents. Revenue of $704.3 million topped Wall Street's projections for $693.38 million.

Comparable store sales climbed by 5% during the quarter.

The holiday quarter is typically the company's strongest, Real Money's Tony Owusu wrote in an article on Wednesday. The company's sales were partly boosted by changing the display of yoga pants in stores, Owusu added. 

So far today, 9.25 million shares of Lululemon have traded, well above the company's 30-day trading average of 1.84 million shares.

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "hold" with a ratings score of C+. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: LULU

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