3 Stocks Hit 52-Week Highs: TJX, DDS, MHP

NEW YORK ( TheStreet) - These stocks reached 52-week highs on Tuesday: TJX ( TJX), Dillard's ( DDS) and McGraw-Hill ( MHP).

Each of these stocks received a buy rating from TheStreet Ratings.

TJX

Shares of TJX hit a 52-week high Tuesday of $40.80. The stock's 52-week low of $24.60 was set on June 15.

TJX shares currently trade at an estimated price-to-earnings ratio for next year of 15.44X times; the average for apparel retailers is 16.56X. For comparison, Kohl's ( KSS) has a lower forward P/E of 9.65X; Ross Stores' ( ROST) forward P/E is 15.95X.

Analyst comment:

"TJX reported a March same-store sales increase of 10% on top of -1%, versus our and the consensus estimate of a 3% increase and guidance of +1% to +3%," Canaccord analysts wrote in an April 5 report. "MarMaxx also reported 10% SSS growth. The international segments continued to gain momentum, specifically at T.K. Maxx where SSS increased 17% on top of -9%. This is the sixth consecutive month of SSS gains at T.K. Maxx. SSS increased 8% on top of -5% in Canada. HomeGoods SSS were up 6% on top of +7%. Management raised the midpoint of its Q1 EPS guidance by $0.06 to $0.51-$0.52."

Twenty of the 31 analysts who cover TJX rate it at buy; 11 analysts give the stock a hold rating.

TheStreet Ratings gives TJX an A+ grade with a buy rating and $52.19 price target. The stock has risen 26.67% year to date.

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Dillard's

Shares of Dillard's hit a 52-week high Tuesday of $64.72. The stock's 52-week low of $38.99 was set on Aug. 19.

Dillard's shares trade at a forward P/E of 12.24X; the average for apparel retailers is 16.92X. For comparison, Ann ( ANN) and Saks ( SKS) both have higher forward P/Es of 12.72X and 19.05X, respectively.

Analyst comment:

"Over the past three years, Dillard's has worked to move its product offering more upscale, focusing on the market opportunity between Macy's and Nordstrom, targeting a higher-income demographic and battling more on fashion than price - separating itself to an extent from moderate peers Macy's, JCPenney, and Kohl's," JPMorgan analysts wrote in a report Monday. "From a merchandising perspective, the company lightened inventories (23% permanent reduction in 2008), beefed up customer service, and introduced a number of new brands. Looking forward, we will be monitoring stores for signs of continued change (further brand introductions/expanded doors) and believe further progress with vendors represents the next leg in the Dillard's turnaround."

Two of the three analysts who cover Dillard's rate it at hold; one analyst gives the stock a buy rating.

TheStreet Ratings gives Dillard's an A- grade with a buy rating and $76.33 price target. The stock has risen 43.52% year to date.


McGraw-Hill

Shares of McGraw-Hill hit a 52-week high Tuesday of $49.25. The stock's 52-week low of $34.95 was set on Aug. 11.

McGraw-Hill shares trade at a forward P/E of 13.24X; the average for publishing companies is 19.5. For comparison, Gannett ( GCI) has a lower forward P/E of 6.38X.

Eight of the 10 analysts who cover McGraw-Hill rate it at buy; two analysts give the stock a hold rating.

TheStreet Ratings gives McGraw-Hill an A- grade with a buy rating and $63.71 price target. The stock has risen 8.96% year to date.

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-- Written by Alexandra Zendrian in New York.

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