Lululemon Athletica (Nasdaq:LULU) is trading at unusually high volume Thursday with 5.3 million shares changing hands. It is currently at 3.1 times its average daily volume and trading up $1.59 (+2.3%).
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 Thursday with 5.3 million shares changing hands. It is currently at 3.1 times its average daily volume and trading up $1.59 (+2.3%) at $70.18 as of 10:40 a.m. ET.
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Lululemon has a market cap of $7.89 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 47% year to date as of the close of trading on Wednesday. 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 47.4, 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.