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5 Stocks Hit 52-Week Highs: Cost Plus, News Corp

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Family Dollar

The discount retailer declared Thursday a regular quarterly dividend of 21 cents a share. It will be paid on July 13.

"We believe FDO will experience higher levels of sales, given its merchandising initiatives, including food and HBA expansions, tobacco rollout, and cooler door expansion," Bank of America Merrill Lynch analysts wrote in a May 4 report. "FDO is doubling the number of cooler/freezer doors from 5 to 10 doors in ~1,300 new and existing stores. Additionally, where it makes financial sense, FDO will extend the number of doors to 18 in select new and renovated locations."

Shares of Family Dollar hit a 52-week high on Thursday of $70. The stock's 52-week low of $44.42 was set on Aug. 9.

Family Dollar's forward P/E is 16.23; the average for specialty retailers is 15.18. For comparison, Dollar Tree (DLTR) has a higher forward P/E of 17.96.

Fourteen of the 27 analysts who cover Family Dollar rated it hold. Eleven analysts gave the stock a buy rating and two rated it sell.

The stock has risen 19.74% year to date.


Archer Daniels Midland

"We are raising our 12-month target price to $37 and maintaining our outperform rating on ADM following 3Q earnings," Credit Suisse analysts wrote in a May 1 report. "While the results in the quarter were not great, the company executed well in a tough oilseeds environment and delivered better ethanol results than we feared. This reinforces our conviction that the company's transition to a more ROIC-focused management is working, and that ADM is set up for a much stronger FY 13. We expect ADM to benefit from a 12-14% increase in U.S. corn production, strong origination out of North America in the fall to compensate for the weak Brazilian soy crop, temporary shutdowns of 14-15 "destination" ethanol plants by competitors outside of the corn belt, and full realization of $150 million in savings from workforce reductions and the elimination of financial reporting redundancies by March, 2013."

Shares of Archer Daniels Midland hit a 52-week high Thursday of $33.98. The stock's 52-week low of $23.69 on Oct. 4.

Archer Daniels Midland's forward P/E is 10.8; the average for food products companies is 14.74. For comparison, Bunge (BG) has a lower forward P/E of 8.93.

Seven of the 15 analysts who cover Archer Daniels Midland rated it buy. Six analysts gave the stock a hold rating and two rated it sell.

The stock has risen 18.22% year to date.

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