NEW YORK (

TheStreet

) --

Lululemon Athletica

(Nasdaq:

LULU

) hit a new 52-week high Monday as it traded at $85.51 compared with its previous 52-Week high of $85.28. Lululemon is changing hands at $85.37 with 3.2 million shares traded as of 12:46 p.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Lululemon has a market cap of $4.2 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 14.9% year to date as of the close of trading on Friday.

Lululemon Athletica Inc. engages in the design, manufacture, and distribution of athletic apparel and accessories for women, men, and female youth in Canada, the United States, and Australia. The company has a P/E ratio of 46.6, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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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, notable return on equity, expanding profit margins 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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