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NEW YORK ( TheStreet) -- Macy's (NYSE: M) hit a new 52-week high Friday as it is currently trading at $41.42, above its previous 52-week high of $41.27 with 1.7 million shares traded as of 11:39 a.m. ET. Average volume has been 5.7 million shares over the past 30 days. Macy's has a market cap of $16.71 billion and is part of the services sector and retail industry. Shares are up 26.3% year to date as of the close of trading on Thursday. Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its retail stores and Internet Web sites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company has a P/E ratio of 13.7, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.