NEW YORK ( TheStreet) -- Lowe's Companies (NYSE: LOW) hit a new 52-week high Friday as it is currently trading at $31.65, above its previous 52-week high of $31.63 with three million shares traded as of 11:40 a.m. ET. Average volume has been 15.3 million shares over the past 30 days. Lowe's Companies has a market cap of $37.27 billion and is part of the services sector and retail industry. Shares are up 24.1% year to date as of the close of trading on Thursday. Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer. It offers a range of products for maintenance, repair, remodeling, and home decorating. The company has a P/E ratio of 21.7, equal to the average retail industry P/E ratio 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, increase in net income and solid stock price performance. 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.