7 Stocks Hit 52-Week Highs: M, TPX, PIR, TSCO, PAG, ZUMZ, HAIN

NEW YORK ( TheStreet) -- Shares of the following stocks hit 52-week highs on Tuesday: Macy's ( M), Pier One ( PIR), Zumiez ( ZUMZ), Tempur-Pedic ( TPX), Tractor Supply ( TSCO), Penske Automotive Group ( PAG) and Hain Celestial ( HAIN).

Macy's

"With the My Macy's localization initiative (3rd inning) laying the foundation forgrowth and Omni-channel benefits (potential 200bps top-line and GPM driverover time) not fully in the numbers today (w/ SG&A spending baked in), webelieve Macy's is just leaving port with 3-5 years of consistent double digit EPSgrowth given by top-line (3-5% SSS), margin expansion (2H12 GPM inflection)and a return of cash to shareholders (share repurchases/dividends)," JPMorgan analysts wrote in a March 12 report.

Shares of Macy's hit a 52-week high Tuesday of $41.26. The stock's 52-week low of $22.66 was set on Aug. 19.

Macy's has an estimated price-to-earnings ratio for next year of 10.76 times; the average for broad-line retailers is 20.85. For comparison, J.C. Penney ( JCP) has a forward P/E of 12.22.

Fifteen of the 19 analysts who cover Macy's rated it buy; four analysts gave the stock a hold rating.

TheStreet Ratings gives Macy's an A+ grade with a buy rating and $52.41 price target. The stock has risen 27.38% year to date.

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Pier One

"Looking out to 2012, we expect strong top and bottom line growth to continue," Bank of America Merrill Lynch analysts wrote in a report Monday. "Our EPS estimate of $1.14 represents 20% growth from $0.95 in 2011E. We forecast sales to grow 8.5%, to $1.7bn, with 7% comps for the year. Our forecast is based on a 60.1% full year merchandise margin, with gross margins in total up ~80 bps and expense leverage of 60 bps, resulting in 140 bps of EBIT expansion, to 11.8%. As PIR continues to post impressive sales and margin gains, we reiterate our Buy rating. We expect e-commerce advancement, remodels and tech upgrades to support continued growth and positive earnings revisions."

Shares of Pier One hit a 52-week high Tuesday of $19.09. The stock's 52-week low of $8.60 was set on Aug. 8.

Pier One's forward P/E is 16.96 times; the average for home improvement retailers is 15.93.

Nine of the 13 analysts who cover Pier One rated it buy. Three analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives Pier One a B grade with a buy rating and $21.84 price target. The stock has risen 35.32% year to date.


Zumiez

"We continue to see ample long-term growth opportunity driven by an expanding store base (to 700-plus stores from 444)," Credit Suisse analysts wrote in a report Monday. "We view ZUMZ as one of the best retailers in the mall with a loyal customer base, best in class merchandising, and favorable margin dynamics given emphasis onexclusives, leverage with suppliers and SG&A discipline. As a result, we continue to see long-term revenue and earnings power of $900M-plus and $2.50-plus. However, we believe current valuation adequately reflects the concept's strength and growth potential."

Shares of Zumiez hit a 52-week high on Tuesday of $38.79. The stock's 52-week low of $15.85 was set on Oct. 4.

Zumiez's forward P/E is 23.18 times; the average for apparel retailers is 18.51.

Twelve of the 19 analysts who cover Zumiez rated it hold. Six analysts gave the stock a buy rating and one rated it sell.

TheStreet Ratings gives Zumiez a B+ grade with a buy rating and a $41.98 price target. The stock has risen 37.97% year to date.

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Tempur-Pedic

"We now believe TPX's new Simplicity line can provide a 6.3% benefit to sales growth in 2012," Piper Jaffray analysts wrote in a report Monday. "Our estimate is based on TPX gaining an average of 2.5 incremental slots per retailer (for 3 new Simplicity products), with each new slot providing the same level of productivity as the current TPX product line. We are using somewhat conservative variables in our analysis, and note that a 6.3% sales lift would represent 40-50% of TPX 2012 sales guidance of 13%-16%. We are passing through partial benefit of our Simplicity analysis to our model and increasing our 2012 EPS estimate to $4. Last, we are maintaining our Overweight rating, raising our price target to $100, and continue to believe TPX is one of the better secular growth stories within our coverage universe."

Shares of Tempur-Pedic hit a 52-week high of $86.53 on Tuesday. The stock's 52-week low of $46.53 was set on Oct. 4.

Tempur-Pedic's forward P/E is 18.17 times; the average for furnishings companies is 15.57. For comparison, Select Comfort ( SCSS) has a forward P/E of 19.39.

Ten of the 15 analysts who cover Tempur-Pedic rated it buy; five analysts gave the stock a hold rating.

TheStreet Ratings gives Tempur-Pedic a B grade with a buy rating and $109.94 price target. The stock has risen 64.15% year to date.


Tractor Supply

"There are many consumers who are aware of Tractor Supply but do not shopthere, as a passerby's perception of the chain's format and product selection can be misleading," Bank of America Merrill Lynch analysts wrote in a March 7 report. "As such, management is seeking out ways to better attract these customers, such as dog and cat owners who otherwise might not shop at TSCO. Advertising media are consistently aimed at better targeting consumers' specific needs. Management might also considering employing some type of customer affinity program, in order to gather more detailed consumer data to best serve customer needs. That said, management would only do this if such a program were based on the company's strong value proposition, and not be price/discountbased."

Shares of Tractor Supply hit a 52-week high Tuesday of $93.22. The stock's 52-week low of $49.02 was set on Aug. 8.

Tractor Supply's forward P/E is 22.52 times; the average for specialty retailers is 16.79.

Fifteen of the 25 analysts who cover Tractor Supply rated it buy; 10 analysts gave the stock a hold rating.

TheStreet Ratings gives Tractor Supply an A+ grade with a buy rating and $119.62 price target. The stock has risen 31.85% year to date.

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Penske Automotive Group

"PAG's dealer and brand mix, better than average service business, and the track record of Roger Penske, PAG's Chairman and CEO, position the company as one of thepremier names in the dealer group," Sterne Agee analysts wrote in a March 14 report.

Shares of Penske hit a 52-week high Tuesday of $25.98. The stock's 52-week low of $14.87 was set on Oct. 4.

Penske's forward P/E is 11.41 times. For comparison, Autonation ( AN) has a forward P/E of 14.07X.

Nine of the 14 analysts who cover Penske rated it buy. Four analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives Penske a B- grade with a buy rating and a $29.11 price target. The stock has risen 34.08% year to date.


Hain Celestial

"We believe HAIN, with its multitude of product categories, is well positioned to continue gaining share with conventional grocers, discounts, clubs, independents and the supernatural channel as more consumers demand organic products," Piper Jaffray analysts wrote in a March 14 report. "We believe strong industry trends as well as consistent execution will continue to drive solid fundamental results in the business."

Shares of Hain Celestial hit a 52-week high Tuesday of $46.50. The stock's 52-week low of $26.10 was set on Aug. 9.

Hain Celestial's forward P/E is 23.14 times; the average for food products companies is 23.14.

Nine of the 13 analysts who cover Hain Celestial rated it buy. Three analysts rated the stock hold and one gave the stock a sell rating.

TheStreet Ratings gives Hain Celestial an A grade with a buy rating and $57.62 price target. The stock has risen 25.4% year to date.

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-- Written by Alexandra Zendrian

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