NEW YORK ( TheStreet) -- Shares of the following stocks hit 52-week highs on Friday: Philip Morris International ( PMI), Kimberly-Clark ( KMB) and Family Dollar ( FDO).
Philip Morris International "While we must admit that we are surprised by the outperformance of PMI year-to-date (YTD) versus the overall group following its strength in 2011, we believe the momentum should continue for the year," Davenport analysts wrote in a March 26 report. "The overall tobacco group has underperformed the S&P 500 Index YTD, but PMI has clearly outperformed the tobacco group. We are raising our rating to a Buy and initiating our 12 month price target of $100, based on our new 2013 EPS of $5.90. We focus on three key reasons: consistency, a relatively benign tax environment and attractive yield." Shares of Philip Morris hit a 52-week high Friday of $88.82. The stock's 52-week low of $60.45 was set on Oct. 4. Philip Morris' estimated price-to-earnings ratio for next year is 15.04 times; the average for tobacco companies is 12.16. For comparison, Altria ( MO) and Lorillard ( LO) both have lower forward P/Es of 13.07 and 13.22, respectively. Fifteen of the 22 analysts who cover Philip Morris rated it buy. Six analysts gave the stock a hold rating and one rated it sell. TheStreet Ratings gives Philip Morris a B grade with a buy rating and a $113.98 price target. The stock has risen 13.07% year to date.
Family Dollar "FDO remains focused on growing sales and gross profit dollars," Guggenheim analysts wrote in a report Thursday. "This incremental growth will be driven by the addition of 1,000 new consumables SKUs -- including Pepsi and tobacco products, the expansion in the number of cooler doors per store, and a new impulse fixture at the front of the store." Shares of Family Dollar hit a 52-week high Friday of $62.84. The stock's 52-week low of $44.42 was set on Aug. 9. Family Dollar's forward P/E is 14.85; the average for specialty retailers is 16.76. For comparison, Dollar Tree ( DLTR) has a forward P/E of 16.88. Thirteen of the 27 analysts who cover Family Dollar rated it hold. Ten analysts gave the stock a buy rating and four rated it sell. TheStreet Ratings gives Family Dollar an A- grade with a buy rating and a $70.52 price target. The stock has risen 8.64% year to date.