This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

9 Retailers Hitting 52-Week Highs: TJX, LULU, M, DDS, UA, EXPR, TGT, HOTT, FL

NEW YORK (TheStreet) -- Shares of several retail stocks hit 52-week highs as a rebounding economy and job market coincided with improving earnings.

The following retail stocks hit 52-week highs on Thursday: TJX (TJX), Lululemon (LULU), Macy's (M), Dillards (DDS), Under Armour (UA), Express (EXPR), Target (TGT), Hot Topic (HOTT), Foot Locker (FL).

ITG analyst Linda Tsai said she thinks retailers such as the ones that hit a 52-week high Thursday have been working on cutting costs, which is catching the attention of investors. She noted that for some retailers, the cost of goods in the second half of 2012 will be lower than it was the previous year.

TJX

The discounted retailer bought two of Fidelity Investments' buildings in Marlborough, Mass., on Wednesday, according to the Boston Globe.

"Over the past five years, TJX improved gross margin (GM) by 290bps, and impressively managed to mitigate cost pressures in 2011 as merchandise margin (MM) was up yr/yr (up 10bps in Q4 which incurred cost pressures and aggressive promo activity)," Wells Fargo analysts wrote in a Feb. 23 report. "TJX continues to expect GM improvement in 2012 with the majority driven by MM improvement. We model GM up 50bps for 2012."

Shares of TJX hit a 52-week high Thursday of $37.69. The stock's 52-week low of $24.13 was set on March 18.

TJX has an estimated price-to-earnings ratio for next year of 14.62 times; the average for apparel retailers is 16.29. For comparison, Limited Brands (LTD) and The Gap (GPS) both have lower forward P/Es of 14.54 and 12.24, respectively.

Twenty-one of the 31 analysts who cover TJX rated it buy; 10 analysts gave the stock a hold rating.

TheStreet Ratings gives TJX an A+ grade with a buy rating and $48.68 price target. The stock closed Thursday at $37.74 and has risen 16.85% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs