4 Stocks Hit 52-Week Highs: EBAY, JWN, TPX, FL

NEW YORK ( TheStreet) -- Shares of the following stocks touched 52-week highs on Thursday: eBay ( EBAY), Nordstrom ( JWN), Tempur-Pedic ( TPX) and Foot Locker ( FL).

Each of the stocks received a buy rating from TheStreet Ratings.

eBay

The online marketplace owns online payment service PayPal.

"We believe PayPal will continue to grow 25%+, making it eBay's largest business by 2014 and sustaining overall mid-teen revenue growth, in contrast to consensus expectations for decelerating growth," Wedbush analysts wrote in a Feb. 14 report.

Shares of eBay hit a 52-week high Thursday of $36.15. The stock's 52-week low of $26.86 was set on Aug. 19.

eBay has an estimated price-to-earnings ratio for next year of 13.42. For comparison, Google ( GOOG) has a lower forward P/E of 12.15; Amazon's ( AMZN) forward P/E is 44.66.

Twenty-two of the 35 analysts who cover eBay rated it buy. Twelve analysts gave it a hold rating and one rated it sell.

TheStreet Ratings gives eBay an A grade with a $39.86 price target. The stock has risen 18% year to date.

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Nordstrom

The retailer's board authorized a share repurchase program last week through Feb. 1, 2014, of up to $800 million.

"The Company expects solid sales growth (FY12 SSS guidance of 4.0%-6.0%; 2.6% square footage growth) will be partially offset by higher investment spending on its e-commerce platform and gross profit margin erosion from a sales mix shift to lower-margin Nordstrom Rack," Bank of America Merrill Lynch analysts wrote in a Feb. 17 report. "While Nordstrom's planned e-commerce investments are expected to generate double-digit ROIC over the long-term, we anticipate that elevated expenses will result in lower margins and minimal earnings before interest, taxes, depreciation and amortization growth over the near-term."

Shares of Nordstrom hit a 52-week high Thursday of $53.69. The stock's 52-week low of $37.28 was set on Aug. 19.

Nordstrom's forward P/E is 13.54; the average for apparel retailers is 16.55. For comparison, Gap ( GPS) has a lower forward P/E of 12.96; Limited Brands ( LTD) has a forward P/E of 14.07.

Eleven of the 24 analysts who cover Nordstrom rated it hold. Ten analysts gave it a buy rating and three analysts rated it sell.

Nordstrom gets an A- grade from TheStreet Ratings and a $64.96 price target. The stock increased 6.9% year to date.


Tempur-Pedic

"We are reiterating our Overweight rating and increasing our price target from $78 to $97 on TPX following its favorable and well-attended analyst day that took place yesterday in New York," Piper Jaffray analysts wrote in a report Thursday. "In addition to TPX outlining a reasonable long-term EPS compound annual growth rate of 20% (by reaching $8.00 in EPS by 2016), it provided more details around its new Simplicity product line that make us more optimistic about the favorable near and long-term impact from this product line. As a result, we continue to believe TPX's 2012 EPS guidance looks quite conservative from both a sales and margin standpoint. Also, shares look attractively valued at 19x, the midpoint of a conservative guidance range for 2012 despite a clear path to +20% EPS growth for several years."

Shares of Tempur-Pedic hit a 52-week high Thursday of $78.51. The stock's 52-week low of $44.26 was set one year ago.

Tempur-Pedic has a forward P/E of 17.05; the average for furnishings companies is 25.02. For comparison, Select Comfort ( SCSS) has a forward P/E of 17 and Ethan Allen's ( ETH) forward P/E is 18.15.

Eleven of the 15 analysts who cover Tempur-Pedic rated it buy; four analysts gave it a hold rating.

The Street Ratings gives Tempur-Pedic a B grade with a $96.80 price target. The stock has risen 48.43% year to date.

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Foot Locker

"We believe there are further opportunities to improve execution and merchandising throughout the company, with specific emphasis at Lady Foot Locker and CCS," Sterne Agee analysts wrote in a report Thursday. "We view the international expansion (mostly Europe) as a positive growth catalyst, given the low penetration and the better than average productivity in the region. FL is opening stores in new markets such as Poland, Czech Republic, and Turkey, while launching ecommerce sites in established markets such as France and Germany."

Shares of Foot Locker hit a 52-week high Thursday of $29.02. The stock's 52-week low of $16.66 was set on Aug. 8.

Foot Locker has a forward P/E of 14.2; the average for apparel retailers is 17.09. For comparison, both Guess? ( GES) and Abercrombie & Fitch ( ANF) have lower forward P/Es of 10.67 and 10.61, respectively.

Nine of the 15 analysts who cover Foot Locker rated it a buy; six analysts gave it a hold rating.

Foot Locker gets an A grade from TheStreet Ratings with a $36.97 price target. The stock has risen 20.47% year to date.

-- Written by Alexandra Zendrian

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