Macy's (NYSE:M) hit a new 52-week high Friday as it is currently trading at $45.94, above its previous 52-week high of $45.40 with 404,149 shares traded as of 9:41 a.m. ET. Average volume has been 4.7 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 Friday as it is currently trading at $45.94, above its previous 52-week high of $45.40 with 404,149 shares traded as of 9:41 a.m. ET. Average volume has been 4.7 million shares over the past 30 days. Macy's has a market cap of $17.5 billion and is part of the services sector and retail industry. Shares are up 14.8% 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. The company has a P/E ratio of 13.8, 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 increase in stock price during the past year, growth in earnings per share, revenue growth, notable return on equity and attractive valuation levels. 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.