Shares of Lululemon Athletica (LULU) are trading at a new 52-week high today of $47.99. The stock is in a breakout mode and has surged more than 6.00% so far into the session with approx. 1.4 million shares trading hands vs. a 3-month average volume of 1.1 million shares. Year-to-date, the Vancouver, Canada – based LULU has gained a very impressive 59%. The stock trades approx. 18% above its 50-day MA of $40.21, and more than 22% above its 200 day MA of $37.47.
From a key ratio perspective LULU’s profit and operating margins currently stand at 14.84% and 22.92%, respectively. The co.’s trailing 12 revs are at $564 million. $178 million in total cash vs. zero total debt. LULU shares, which are clearly based on solid financial conditions, trade at a trailing 12 P/E of 40.74, a forward P/E of 32.50, and a price/earnings ratio of 1.33.
Looking at the ticker’s chart and the latest trend sequence is easy to see we have begun a move toward the $48.50 – $49.50 level. This is in line with my expectations for LULU shares — 46 m in float, 10.3 m shorts — to realize that range through end of Q4’10.
Lululemon Athletica Inc. is a designer, manufacturer and distributor of athletic apparel and accessories for women, men, and female youth in Canada, the U.S., and Australia.
At last check, LULU shares were up $2.69 to $47.92, a gain of 5.96%.
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