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 for growth and Omni-channel benefits (potential 200bps top-line and GPM driver over time) not fully in the numbers today (w/ SG&A spending baked in), we believe Macy's is just leaving port with 3-5 years of consistent double digit EPS growth 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.