NEW YORK ( TheStreet) -- The following stocks hit 52-week highs on Wednesday: Lumber Liquidators (LL - Get Report), Meritage Homes (MTH - Get Report), Churchill Downs (CHDN - Get Report), Radware (RDWR - Get Report) and BioMarin Pharmaceutical (BMRN - Get Report).
"LL's business model provides competitive advantages," Canaccord analysts wrote in a report Tuesday. "Stores are relatively low-cost, and direct vendor relationships result in compelling values. LL's selection is wider, and we believe product quality and service is better than the competition."
Shares of Lumber Liquidators hit a 52-week high of $30.12 on Wednesday. The stock's 52-week low of $13.43 was set on Sept. 6.Lumber Liquidators trades at an estimated price-to-earnings ratio for next year of 20.52 times; the average for home-improvement retailers is 14.99. For comparison, Home Depot (HD) has a slightly lower forward P/E of 14.79. Seven of the 13 analysts who cover Lumber Liquidators rated it hold. Five analysts gave the stock a buy rating and one rated it sell. The stock has risen 68.52% year to date.
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