NEW YORK (

TheStreet

) --

PetSmart

(Nasdaq:

PETM

) hit a new 52-week high Thursday as it is currently trading at $45.17, above its previous 52-week high of $44.50 with 929,494 shares traded as of 9:37 a.m. ET. Average volume has been 942,800 shares over the past 30 days.

PetSmart has a market cap of $4.8 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 6.7% year to date as of the close of trading on Wednesday.

TheStreet Recommends

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in North America. The company has a P/E ratio of 21.2, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

  • Practice your PETM trading strategies and win cash in our stock game.

TheStreet Ratings rates PetSmart as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

PetSmart Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null