4 Stocks Hitting 52-Week Highs: MSFT, NKE, MAT, BWLD

NEW YORK ( TheStreet) - Shares of the following stocks hit 52-week highs on Thursday: Microsoft ( MSFT), Nike ( NKE), Mattel ( MAT) and Buffalo Wild Wings ( BWLD).

Each of these stocks is rated buy at TheStreet Ratings.

Microsoft

The software company gave a preview of its Windows 8 operating system test version this week.

"In the mid- to long-term, we believe that the market has not only meaningfully undervalued Microsoft's ability to expand operating margins for the next several years (given the increased focus on cost control), but also the sustainable revenue growth and defensive competitive characteristics of Microsoft's dominant market positionswith respect to its client operating system and office productivity suites," Credit Suisse analysts wrote in a Feb. 29 report.

Shares of Microsoft hit a 52-week high of $32.39 on Thursday. The stock's 52-week low of $23.65 was set on June 16.

Microsoft has an estimated price-to-earnings ratio for next year of 10.74; the average for software companies is 28.5. For comparison, both Oracle ( ORCL) and Intuit ( INTU) have higher forward P/Es of 11.63 and 17.42, respectively.

Twenty-five of the 39 analysts who cover Microsoft rate it at buy. Thirteen analysts give it a hold rating and one analysts rated it sell.

TheStreet Ratings gives Microsoft an A grade with a buy rating and $36.23 price target. The stock has risen 24.5% year to date.

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Nike

The shoe retailer launched its Nike + Basketball and Nike + Training sneakers about a week ago.

"Nike's Apparel outlook continues to be supported by the European SoccerChampionships and Olympics as Nike will likely use the global exposure to commercialize their new uniform/apparel innovations," Bank of America Merrill Lynch analysts wrote in a Feb. 27 report. "In the US, the football category should also grow supported by Nike's new licensee agreement with the NFL for on-field apparel (outbid Reebok who previously held license) that begins shipping in April. Nike will also be leveraging their Pro Combat, compression, lightweight and moisture wicking technology from their Apparel into the uniforms, which we believe could significantly improve NFL licensed apparel trendsbenefitting both Nike and the Athletic Retailers."

Shares of Nike hit a 52-week high of $108.98 on Thursday. The stock's 52-week low of $69.43 was set on March 22.

Nike has a forward P/E of 18.7; the average for footwear companies is 14.05.

Fifteen of the 23 analysts who cover Nike rate it a buy; seven analysts give the stock a hold rating.

TheStreet Ratings gives Nike an A+ grade with a buy rating and $122.59 price target. The stock has risen 12.37% year to date.


Mattel

The toy manufacturer asked a federal appeals court to reverse the $310 million decision regarding MGA Entertainment and the Bratz dolls' ownership, according to Bloomberg.

"With solid core brands, a renewed focus on cost and global scale opportunities, we believe MAT is set to deliver consistent and predictable performance under the leadership of new CEO Bryan Stockton, whom we believe can further evolve the restructuring of the North American segment and drive profitable growth going forward," KeyBanc Capital Markets analysts wrote in a Feb. 23 report. "As such, we continue to view MAT as a core holding within the industry and believe the risk/reward proposition remains attractive."

Shares of Mattel hit a 52-week high of $32.95 on Thursday. The stock's 52-week low of $22.70 was set on Aug. 9.

Mattel's forward P/E is 12.36; the average for toy companies is 14.48. For comparison, Hasbro ( HAS) and LeapFrog Enterprises ( LF) have lower forward P/Es of 10.83 and 11.87, respectively.

Ten of the 14 analysts who cover Mattel rate it a buy; four analysts give the stock a hold rating.

TheStreet Ratings gives Mattel an A+ grade with a buy rating and $37.94 price target. The stock has increased 18.12% year to date.

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Buffalo Wild Wings

Shares of Minneapolis-based restaurant operator hit a 52-week high of $89.13 on Thursday. The stock's 52-week low of $50.40 was set on March 2.

"Company-owned comps increased 8.9% with franchise locations up 5.9%," D. A. Davidson analysts wrote in a Feb. 8 report. "The focus on sales-driving initiatives isclearly paying off with market share gains. Incremental advertising, product improvements, in-store execution, and store remodels are all contributing."

Buffalo Wild Wings has a forward P/E of 22.55; the average for restaurants and bar companies is 19.36. For comparison, both The Cheesecake Factory ( CAKE) and Cracker Barrel ( CBRL) have lower forward P/Es of 12.02 and 14.2, respectively.

Analysts were split on Buffalo Wild Wings with nine rating it a buy and another nine at hold. One analyst has a sell rating on the stock.

TheStreet Ratings gives Buffalo Wild Wings an A grade with a buy rating and $113.05 price target. The stock has increased 31.11% year to date.

-- Written by Alexandra Zendrian in New York.

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