NEW YORK (

TheStreet

) --

PetSmart

(Nasdaq:

PETM

) hit a new 52-week high Thursday as it is currently trading at $63.64, above its previous 52-week high of $63.19 with 470,833 shares traded as of 10 a.m. ET. Average volume has been one million shares over the past 30 days.

PetSmart has a market cap of $6.03 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 22.7% year to date as of the close of trading on Wednesday.

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. The company has a P/E ratio of 19.9, below the average specialty retail industry P/E ratio of 21.8 and above the S&P 500 P/E ratio of 17.7.

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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, solid stock price performance and increase in net income. 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

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.

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