NEW YORK ( TheStreet) -- Collective Brands (NYSE: PSS) hit a new 52-week high Friday as it is currently trading at $21.52, above its previous 52-week high of $21.51 with 600,431 shares traded as of 2:35 p.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Collective has a market cap of $1.32 billion and is part of the services sector and retail industry. Shares are up 49.4% year to date as of the close of trading on Thursday.

Collective Brands, Inc. engages in the provision of footwear and related accessories worldwide.

TheStreet Ratings rates Collective as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Collective Ratings Report.

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