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7 Stocks Hit 52-Week Highs: M, TPX, PIR, TSCO, PAG, ZUMZ, HAIN

NEW YORK ( TheStreet) -- Shares of the following stocks hit 52-week highs on Tuesday: Macy's (M - Get Report), Pier One (PIR - Get Report), Zumiez (ZUMZ), Tempur-Pedic (TPX - Get Report), Tractor Supply (TSCO - Get Report), Penske Automotive Group (PAG - Get Report) and Hain Celestial (HAIN).


"With the My Macy's localization initiative (3rd inning) laying the foundation for growth and Omni-channel benefits (potential 200bps top-line and GPM driver over time) not fully in the numbers today (w/ SG&A spending baked in), we believe Macy's is just leaving port with 3-5 years of consistent double digit EPS growth given by top-line (3-5% SSS), margin expansion (2H12 GPM inflection) and a return of cash to shareholders (share repurchases/dividends)," JPMorgan analysts wrote in a March 12 report.

Shares of Macy's hit a 52-week high Tuesday of $41.26. The stock's 52-week low of $22.66 was set on Aug. 19.

Macy's has an estimated price-to-earnings ratio for next year of 10.76 times; the average for broad-line retailers is 20.85. For comparison, J.C. Penney (JCP) has a forward P/E of 12.22.

Fifteen of the 19 analysts who cover Macy's rated it buy; four analysts gave the stock a hold rating.

TheStreet Ratings gives Macy's an A+ grade with a buy rating and $52.41 price target. The stock has risen 27.38% year to date.

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M $67.66 -0.81%
PIR $13.22 0.61%
PAG $51.47 0.51%
TSCO $90.59 0.76%
TPX $60.29 -0.81%


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