NEW YORK ( TheStreet) - Shares of Panera Bread ( PNRA), Home Depot ( HD), Elizabeth Arden ( RDEN), Lincoln Electric ( LECO), Valspar ( VAL) and Hubbell ( HUB.B) all reached 52-week highs on Tuesday. Each of these companies received a buy rating from TheStreet Ratings. Panera Bread The company is scheduled to report its fourth-quarter results on Tuesday after the market closes. Analysts, on average, expect earnings of $1.42 a share on $499.03 million in revenue. The bakery-cafe company opened its 1,500th store in Manhattan Tuesday; this is also the first Panera in this borough. "For 4Q11, we expect +6.3% comps (vs. guidance of +5.5%-6.5%) driven by +6% average check growth," Oppenheimer analysts wrote in a report on Sunday. "Therefore, any positive traffic (which we believe is likely given strong 4Q trends at other share takers) could drive comp upside and additional earnings leverage." Shares of Panera hit a 52-week high on Tuesday of $160.88. The stock's 52-week low of $96.68 was set on Aug. 8. Panera has an estimated price-to-earnings ratio for next year of 29.02X. The average among restaurant and bar companies is 22.65X. Darden ( DRI) has a lower forward P/E of 12.23X. Of the 23 analysts who cover Panera, 13 rated the stock a buy. Ten gave Panera a hold rating. TheStreet Ratings gives Panera an A grade and has a $197.31 price target on the shares. The stock has risen 12.51% year to date.
Lincoln Electric The welding products manufacturer is scheduled to report its fourth-quarter results on Feb. 17. Analysts, on average, anticipates earnings of 63 cents a share on $698.38 million in revenue. Shares of Lincoln Electric hit a 52-week high on Tuesday of $45.74. The stock's 52-week low of $26.84 was set on Oct. 4. Lincoln Electric has a forward P/E of 16.31X. The average for industrial machinery companies is 15.99X. Timken ( TKR) has a lower forward P/E of 8.74X. Four of the seven analysts who cover the stock rated it a buy. The other three analysts rated it a hold. TheStreet Ratings gives Lincoln Electric a B+ grade and has a $56.14 price target on the shares. The stock has risen 16.25% year to date.
Valspar The paint and coatings company is scheduled to report its fiscal first-quarter results on Feb. 14. Analysts, on average, anticipate earnings of 48 cents a share on revenue of $906.35 million. "New product wins, stabilizing raw material costs and higher pricing should be the positive headlines for VAL starting out FY12," KeyBanc Capital Markets analysts wrote in Jan. 18 report. "Pricing is quickly catching up to costs and the Company's margins should improve even in a low growth to possibly slightly down volume environment when it reports 1Q12 results." Shares of Valspar hit a 52-week high on Tuesday of $44.48. The stock's 52-week low of $27.44 was set on Aug. 8. Valspar has a forward P/E of 13.09X. The average among building materials and fixtures companies is 40.85X. Lennox International ( LII) has a lower forward P/E of 12.75X. Of the 13 analysts who cover Valspar, eight rated the company a hold. Five analysts consider it a buy. TheStreet Ratings gives Valspar a B- grade and has a $50.02 price target on the shares. The stock has risen 13.45% year to date.