NEW YORK ( TheStreet) -- PetSmart (Nasdaq: PETM) hit a new 52-week high Tuesday as it is currently trading at $46.68, above its previous 52-week high of $46.60 with 935,263 shares traded as of 3:15 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

PetSmart has a market cap of $5.2 billion and is part of the services sector and specialty retail industry. Shares are up 14.4% year to date as of the close of trading on Monday.

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 20, equal to the average specialty retail industry P/E ratio 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, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full PetSmart Ratings Report.

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