7 Stocks Hit 52-Week Highs: Philip Morris, Visa

NEW YORK ( TheStreet) -- The following stocks reached 52-week highs on Friday: Philip Morris International ( PM), Visa ( V), Toll Brothers ( TOL), CBS ( CBS), Family Dollar ( FDO), PetSmart ( PETM) and Dillard's ( DDS).

Philip Morris International

"PM reported a very impressive 1Q12 adj. EPS of $1.25, beating our forecast by 2 cents and consensus by 5 cents ," Jefferies analysts wrote in an April 20 report. "PM's top 10 brands seem to be firing on all cylinders and volume and pricing (LatAm/Canada being a minor exception) were stronger than we thought. Despite the strength, we expect PM to trade sideways for the next few months due to its high valuation (esp. relative to BAT), currency concerns and the Japan headwind for 2Q12."

Shares of Philip Morris hit a 52-week high Friday of $90.22. The stock's 52-week low of $60.45 was set on Oct. 4.

Philip Morris trades at an estimated price-to-earnings ratio for next year of 15.35 times; the average for tobacco companies is 12.37. For comparison, Altria ( MO) has a forward P/E of 13.58.

Fourteen of the 22 analysts who cover Philip Morris rated it buy. Seven analysts gave the stock a buy rating and one rated it sell.

TheStreet Ratings gives Philip Morris a B grade with a buy rating and $113.86 price target. The stock has risen 15.1% year to date.

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Visa

The credit card company is scheduled to report second-quarter earnings on May 2. Analysts, on average, anticipate earnings of $1.50 a share on $2.48 billion in revenue.

"We expect strong results this quarter, following growth in purchase volumes through the first three months of the calendar year," Trefis analysts wrote in a report Wednesday. "Visa reported strong results last quarter with a net income of $1.0 billion or $1.49 per diluted share. These results can be attributed to the renewed optimism following the economic recovery across the U.S., as retail customers are regaining confidence to spend more. This trend has continued this quarter as Visa reported a 10% increase in total payments volume in February 2012 from the previous year. Increased spending by customers will also have a positive effect on Visa's main competitors MasterCard (NYSE:MA), Discover Financial (NYSE:DFS) and American Express (NYSE:AXP)."

Shares of Visa hit a 52-week high Friday of $124.21. The stock's 52-week low of $73.11 was set on June 27.

Visa's forward P/E is 17.6 times; the average for consumer finance companies is 10.04. For comparison, American Express ( AXP) has a lower forward P/E of 12.62.

Thirty-two of the 41 analysts who cover Visa rated it buy; nine analysts gave the stock a hold rating.

TheStreet Ratings gives Visa an A+ grade with a buy rating and $159.06 price target. The stock has risen 21.53% year to date.


Toll Brothers

Shares of Toll Brothers hit a 52-week high Friday of $25.80. The stock's 52-week low of $13.16 was set on Oct. 4.

Toll Brothers' forward P/E is 34.4; the average for home construction companies is 44.64. For comparison, D.R. Horton ( DHI) has a lower forward P/E of 19.05.

Twelve of the 24 analysts who cover Toll Brothers rated it hold. Ten analysts gave the stock a buy rating and two rated it sell.

TheStreet Ratings gives Toll Brothers a C+ grade and hold rating. The stock has risen 25.42% year to date.

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CBS

The media company is scheduled to report first-quarter earnings on May 1. Analysts, on average, expect earnings of 44 cents a share on revenue of $3.78 billion.

"We tweak our model -- raising entertainment and cable nets (better ratings), and lowering broadcast (mainly due to political)," Wells Fargo analysts wrote in a report Wednesday. "As a result, our Q1 EPS moves in line with consensus of $0.44 but we would not be surprised to see further upside."

Shares of CBS hit a 52-week high Friday of $34.49. The stock's 52-week low of $17.99 was set on Oct. 4.

CBS' forward P/E is 12.52; the average for broadcasting and entertainment companies is 36.56. For comparison, Time Warner ( TWX) has a lower forward P/E of 10.52.

Nineteen of the 30 analysts who cover CBS rated it buy; 11 analysts gave the stock a hold rating.

TheStreet Ratings gives CBS a B+ grade with a buy rating and $43.68 price target. The stock has risen 26.79% year to date.


Family Dollar

"Over the last 18 months, roughly half of the executive team has turned over -- clear evidence to us that a somewhat 'new' Family Dollar is taking root," Guggenheim analysts wrote in an April 10 report. "We believe this, together with improved results, should serve to strengthen sentiment in the name.'

Shares of Family Dollar hit a 52-week high Friday of $69.25. The stock's 52-week low of $44.42 was set on Aug. 9.

Family Dollar's forward P/E is 16.38; the average for specialty retailer companies is 16.58. For comparison, Dollar Tree ( DLTR) has a higher forward P/E of 18.01.

Fourteen of the 27 analysts who cover Family Dollar rated it hold. Eleven analysts gave the stock a buy rating and two rated it sell.

TheStreet Ratings gives Family Dollar an A+ grade with a buy rating and $88.58 price target. The stock has risen 20.22% year to date.

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PetSmart

"We expect a growing pet population to support a re-acceleration in growth of PETM's higher-margin hardgoods and services, in addition to continued strong growth of super premium and natural consumables," Bank of America Merrill Lynch analysts wrote in an April 17 report. "We forecast that PETM will deliver the highest EPS growth in Hardlines (24/23% in 2012/13), while improving returns. March comScore data showing PetSmart.com and Wag.com receiving 3.5mn and 227k visitors, respectively, underscores our confidence that the online threat is overblown."

Shares of PetSmart hit a 52-week high of $59.24. The stock's 52-week low of $37.76 was set on Aug. 8.

PetSmart's forward P/E is 16.99; the average for specialty retailers is 16.52.

Thirteen of the 24 analysts who cover PetSmart rated it hold; 11 analysts gave the stock a buy rating.

TheStreet Ratings gives PetSmart an A+ grade with a buy rating and $74.77 price target. The stock has risen 15.52% year to date.


Dillard's

Shares of Dillard's hit a 52-week high Friday of $65.32. The stock's 52-week low of $38.99 was set on Aug. 19.

Dillard's has a forward P/E of 12.41; the average for apparel retailers is 17.52. For comparison, Guess ( GES) has a lower forward P/E of 9.65.

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

TheStreet Ratings gives Dillard's an A- grade with a buy rating and $83.11 price target. The stock has risen 45.72% year to date.

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-- Written by Alexandra Zendrian

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