NEW YORK ( TheStreet) -- Lululemon Athletica (Nasdaq: LULU) hit a new 52-week high Thursday as it is currently trading at $65.49, above its previous 52-week high of $65.45 with 851,460 shares traded as of 12:20 p.m. ET. Average volume has been 3.8 million shares over the past 30 days. Lululemon has a market cap of $6.8 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 38.8% year to date as of the close of trading on Wednesday. Lululemon Athletica Inc., together with its subsidiaries engages in the design, manufacture, and distribution of athletic apparel and accessories for women, men, and female youth primarily in Canada, the United States, and Australia. The company has a P/E ratio of 57.1, below the average consumer non-durables industry P/E ratio of 81.8 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, notable return on equity, expanding profit margins and impressive record of earnings per share growth. 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. See all 52-week high stocks or get investment ideas from our investment research center.