NEW YORK ( TheStreet) -- Lowe's Companies (NYSE: LOW) hit a new 52-week high Thursday as it is currently trading at $29.20, above its previous 52-week high of $29 with 17 million shares traded as of 2:40 p.m. ET. Average volume has been 16.5 million shares over the past 30 days. Lowe's Companies has a market cap of $33.67 billion and is part of the services sector and retail industry. Shares are up 13.8% year to date as of the close of trading on Wednesday. Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer. The company offers a range of products for maintenance, repair, remodeling, home decorating, and property maintenance. The company has a P/E ratio of 19.5, below the average retail industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Lowe's Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, 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 Lowe's Companies Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.