Macy's (NYSE:M) hit a new 52-week high Wednesday as it is currently trading at $42.54, above its previous 52-week high of $42.47 with 2.2 million shares traded as of 11:36 a.m. ET. Average volume has been 5.3 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Macy's (NYSE: M) hit a new 52-week high Wednesday as it is currently trading at $42.54, above its previous 52-week high of $42.47 with 2.2 million shares traded as of 11:36 a.m. ET. Average volume has been 5.3 million shares over the past 30 days. Macy's has a market cap of $16.44 billion and is part of the services sector and retail industry. Shares are up 6.8% year to date as of the close of trading on Tuesday. 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 12, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Macy's Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.