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NEW YORK ( TheStreet) -- Family Dollar Stores (NYSE: FDO) hit a new 52-week high Friday as it is currently trading at $68.64, above its previous 52-week high of $68.46 with 408,278 shares traded as of 11:15 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Family Dollar Stores has a market cap of $7.81 billion and is part of the services sector and retail industry. Shares are up 16.8% year to date as of the close of trading on Thursday. Family Dollar Stores, Inc. operates a chain of self-service retail discount stores primarily for low and middle income consumers in the United States. The company has a P/E ratio of 19.7, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.