3 Stocks Hitting 52-Week Highs: BWLD, INTC, HD
NEW YORK (
) -- The following stocks hit 52-week highs on Friday:
Buffalo Wild Wings
(BWLD)
,
Intel
(INTC) - Get Report
and
Home Depot
(HD) - Get Report
.
Each of these stocks received a buy rating from
TheStreet Ratings
.
|
Buffalo Wild Wings
The restaurant company earlier this month reported fourth-quarter earnings of $13.6 million, or 73 cents a share, which rose from year-ago earnings of $10.2 million, or 55 cents a share.
"Operating margin, however, was weaker than we had expected, and despite management expectations of 20% EPS growth, we are not certain BWLD can avoid margin contraction in 2012 in light of record high wing costs," Miller Tabak analysts wrote in a Feb. 9 report. "Although we now expect an improved comp sales outlook, we would refrain from adding new positions in BWLD until food costs moderate or there is a more attractive entry point."
Shares of Buffalo Wild Wings hit a 52-week high Friday of $88.85. The stock's 52-week low of $50.40 was set on March 2.
Buffalo Wild Wings' shares are currently trading at a forward price-to-earnings multiple of 22.15X; the average for its peers is 22.14X. For comparison,
Brinker's International
(EAT) - Get Report
and
Wendy's
(WEN) - Get Report
both trade at lower forward P/Es of 12.90X and 21.68X respectively.
Ten of the 18 analysts who cover Buffalo Wild Wings rate the stock at buy; eight are at hold.
TheStreet Ratings
gives Buffalo Wild Wings an A grade and has a
price target on the shares. The stock has risen 29.95% year to date.
Intel
The world's biggest semiconductor company is expected to announce carrier agreements for smartphones that would use its chips, according to Piper Jaffray analysts.
"At MWC we expect INTC to announce carrier agreements for carrier-branded Intelbased smartphones," Piper Jaffray analysts wrote in a report Friday. "While this would be a positive headline for INTC, we are uncertain regarding the success of the products and even less certain about the profitability of Intel's silicon. At the same time, we see more cracks in the PC market and x86 PC monopoly."
Shares of Intel hit a 52-week high Friday of $27.50. The stock's 52-week low of $19.16 was set on Sept. 6.
Intel shares are trading at a forward P/E of 10.32X; the average for its peers is 15.3X. For comparison,
Qualcomm
(QCOM) - Get Report
and
Texas Instruments
(TXN) - Get Report
both trade at higher forward P/Es of 14.97X and 13.94X respectively.
Twenty-five of the 53 analysts who cover the company rate it a hold. Twenty-four analysts are at buy and four are at sell.
TheStreet Ratings
gives Intel an A+ grade and has a
price target on the shares. The stock has risen 13.03% year to date.
Home Depot
The home retailer is scheduled to report its fiscal fourth-quarter results on Tuesday. Analysts, on average, anticipate earnings of 42 cents a share on revenue of $15.49 billion.
"We expect HD to continue to outperform LOW on the comp sales line. While HD had a more difficult comparison, we believe it benefited from some incentives in higher ticket categories like kitchen and millwork," Jefferies analysts wrote in a report Friday. "Meanwhile, Lowe's is still transitioning its pricing model, which was expected to be somewhat disruptive to sales and margins in Q4."
Shares of Home Depot hit a 52-week high Friday of $46.64. The stock's 52-week low of $28.13 was set on Aug. 9.
Home Depot shares currently trade at a forward P/E of 16.75X; the average among its peers is 18.83X. For comparison,
Lowe's
(LOW) - Get Report
trades at a lower forward P/E of 15.42X.
Eighteen of the 29 analysts who cover Home Depot rate the stock as a buy. Eleven analysts are at hold.
TheStreet Ratings
gives Home Depot an A+ grade and has a
price target on the shares. The stock has increased 10.99% year to date.
--
Written by Alexandra Zendrian in New York.
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