5 Stocks Hit 52-Week Highs: DHI, NKE, HD, TOL, QCOM

NEW YORK ( TheStreet) -- Shares of the following stocks hit 52-week highs on Friday: D.R. Horton ( DHI), Nike ( NKE), Home Depot ( HD), Toll Brothers ( TOL) and Qualcomm ( QCOM).

D.R. Horton

The homebuilder was upgraded to an outperform rating from neutral by Credit Suisse analysts on Friday.

"We now expect orders for our coverage universe to increase 18% in 2012 and 19% in 2013, up from 11% and 15%, respectively," Credit Suisse analysts wrote in a report Friday. "Should the stronger traffic trends continue, we see potential for further upside to volume, as sales per community are approximately 33% below average historical levels (including the depressed recent years in that average)."

Shares of D.R. Horton hit a 52-week high on Friday of $15.46. The stock's 52-week low of $8.03 was set on Oct. 4.

D.R. Horton has an estimated price-to-earnings ratio for next year of 19.08 times; the average for home construction companies is 23.32. For comparison, PulteGroup ( PHM) has a lower forward P/E of 17.67; Lennar's ( LEN) forward P/E is 19.89.

Fourteen of the 22 analysts who cover D.R. Horton rated it hold. Six analysts gave the stock a buy rating and two rated it sell.

TheStreet Ratings gives D.R. Horton a B- grade with a buy rating and a $17.33 price target. The stock has risen 22.76% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nike

The athletic-wear retailer will become the official National Football League uniform and apparel supplier next month.

Shares of Nike hit a 52-week high on Friday of $110.12. The stock's 52-week low of $69.43 was set on March 22.

Nike has a forward P/E of 18.83; the average for footwear companies is 13.68. For comparison, Skechers ( SKX) has a higher forward P/E of 20.97.

Fifteen of the 22 analysts who cover Nike rated it buy; seven analysts gave the stock a hold rating.

TheStreet Ratings gives Nike an A+ grade with a buy rating and a $127.11 price target. The stock has risen 13.94% year to date.


Home Depot

Shares of Home Depot hit a 52-week high Friday of $48.16. The stock's 52-week low of $28.13 was set on Aug. 9.

Home Depot's forward P/E is 14.91; the average for home-improvement retailers is 16.07. For comparison, Lowe's ( LOW) ha a lower forward P/E of 13.45.

Seventeen of the 30 analysts who cover Home Depot rated it buy; 13 analysts gave the stock a hold rating.

TheStreet Ratings gives Home Depot an A+ grade with a buy rating and a $62.29 price target. The stock has risen 14.32% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Toll Brothers

The homebuilder was upgraded to outperform from neutral by Credit Suisse analysts on Friday.

"We still expect rising foreclosure sales and existing home prices to be a headwind for builders, along with rising construction costs, but expect a relatively stable pricing environment," Credit Suisse analysts wrote in the report Friday.

Shares of Toll Brothers hit a 52-week high of $24.60 on Friday. The stock's 52-week low of $13.16 was set on Oct. 4.

Toll Brothers' forward P/E is 34.21; the average for home-construction companies is 23.32. For comparison, both D.R. Horton ( DHI) and KB Home ( KBH) have lower forward P/Es of 19.09 and 29.55, respectively.

Thirteen of the 23 analysts who cover Toll Brothers rated it hold. Eight analysts gave the stock a buy rating and two rated it sell.

TheStreet Ratings gives Toll Brothers a C+ grade and a hold rating. The stock has risen 19.88% year to date.


Qualcomm

Shares of Qualcomm hit a 52-week high Friday of $64.28. The stock's 52-week low of $45.98 was set on Aug. 22.

Qualcomm's forward P/E is 15.41; the average for semiconductor companies is 15.32. For comparison, both Intel ( INTC) and Texas Instruments ( TXN) have lower forward P/Es of 10.14 and 13.47, respectively.

Thirty-six of the 43 analysts who cover Qualcomm rated it buy; seven analysts gave the stock a hold rating.

TheStreet Ratings gives Qualcomm an A+ grade with a buy rating and $75.39 price target. The stock has risen 17.35% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Investing

The Stock Market Has Every Reason to See a Fresh Rally

The Stock Market Has Every Reason to See a Fresh Rally

3 Simple Tips on Investing From TheStreet's Jim Cramer

3 Simple Tips on Investing From TheStreet's Jim Cramer

Tesla's Supercharger Network Is Booming -- Here's Why That's a Concern

Tesla's Supercharger Network Is Booming -- Here's Why That's a Concern

After PayPal Buys iZettle, Pay-Tech Firms Could Process These Deals

After PayPal Buys iZettle, Pay-Tech Firms Could Process These Deals

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly