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4 Stocks Hitting 52-Week Highs: MSFT, ALXN, DLTR, LULU

NEW YORK ( TheStreet) -- Shares of these companies hit 52-week highs on Thursday: Microsoft (MSFT - Get Report), Alexion Pharmaceuticals (ALXN - Get Report), Lululemon Athletica (LULU - Get Report), Dollar Tree (DLTR - Get Report).

Each of these stocks received buy ratings from TheStreet Ratings.


The software company is handing out trial versions of Windows 8 computers with ARM Holdings (ARMH) processors to try to better compete with Apple (AAPL) and its iPad, according to Bloomberg.

"Our thesis on Microsoft remains unchanged, as we believe the stock is only reasonably undervalued at current levels; we don't expect to see much lift until Windows 8 is released and/or Windows Phone shows some traction in the Smartphone market," Wells Fargo analysts wrote in a report on Jan. 20. "We believe multiple expansion is largely predicated on the company making demonstrable inroads in mobile computing."

Shares of Microsoft hit a 52-week high Thursday of $30.80. The stock's 52-week low of $23.65 was set on June 16.

Microsoft has an forward price-to-earnings ratio of 10.23X; the average for software companies is 32.14X. For comparison, Oracle (ORCL) has a lower forward P/E of 11.21X and Intuit's (INTU) forward P/E is 17.38X.

Of the 40 analysts who cover Microsoft, 26 rated it a buy. Thirteen analysts gave the software company a hold rating and one rated it a sell.

TheStreet Ratings gives Microsoft an A- grade with a $34.59 price target on the shares. The stock has risen 18.37% year to date.

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ALXN $141.06 -1.10%
DLTR $80.98 0.45%
LULU $62.83 -0.91%
MSFT $50.20 0.52%
AAPL $92.48 -0.82%


Chart of I:DJI
DOW 17,714.82 +54.11 0.31%
S&P 500 2,055.33 +4.70 0.23%
NASDAQ 4,728.7690 +11.6750 0.25%

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