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5 Stocks Hit 52-Week Highs: DHI, NKE, HD, TOL, QCOM

NEW YORK (TheStreet) -- Shares of the following stocks hit 52-week highs on Friday: D.R. Horton (DHI), Nike (NKE), Home Depot (HD), Toll Brothers (TOL) and Qualcomm (QCOM).

D.R. Horton

The homebuilder was upgraded to an outperform rating from neutral by Credit Suisse analysts on Friday.

"We now expect orders for our coverage universe to increase 18% in 2012 and 19% in 2013, up from 11% and 15%, respectively," Credit Suisse analysts wrote in a report Friday. "Should the stronger traffic trends continue, we see potential for further upside to volume, as sales per community are approximately 33% below average historical levels (including the depressed recent years in that average)."

Shares of D.R. Horton hit a 52-week high on Friday of $15.46. The stock's 52-week low of $8.03 was set on Oct. 4.

D.R. Horton has an estimated price-to-earnings ratio for next year of 19.08 times; the average for home construction companies is 23.32. For comparison, PulteGroup (PHM) has a lower forward P/E of 17.67; Lennar's (LEN) forward P/E is 19.89.

Fourteen of the 22 analysts who cover D.R. Horton rated it hold. Six analysts gave the stock a buy rating and two rated it sell.

TheStreet Ratings gives D.R. Horton a B- grade with a buy rating and a $17.33 price target. The stock has risen 22.76% year to date.

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