Wednesday, January 16, 2013

6 Stocks Hitting 52-Week Highs

Shares of Panera Bread(PNRA), Home Depot(HD), Elizabeth Arden(RDEN), Lincoln Electric(LECO), Valspar(VAL) and Hubbell(HUB.B) all reached 52-week highs on Tuesday.

Each of these companies received a buy rating from TheStreet Ratings.

See if (VAL) is in our portfolio

Panera BreadThe company is scheduled to report its fourth-quarter results on Tuesday after the market closes. Analysts, on average, expect earnings of $1.42 a share on $499.03 million in revenue.The bakery-cafe company opened its 1,500th store in Manhattan Tuesday; this is also the first Panera in this borough. "For 4Q11, we expect +6.3% comps (vs. guidance of +5.5%-6.5%) driven by +6% average check growth," Oppenheimer analysts wrote in a report on Sunday. "Therefore, any positive traffic (which we believe is likely given strong 4Q trends at other share takers) could drive comp upside and additional earnings leverage."Shares of Panera hit a 52-week high on Tuesday of $160.88. The stock's 52-week low of $96.68 was set on Aug. 8.Panera has an estimated price-to-earnings ratio for next year of 29.02X. The average among restaurant and bar companies is 22.65X. Darden(DRI) has a lower forward P/E of 12.23X.Of the 23 analysts who cover Panera, 13 rated the stock a buy. Ten gave Panera a hold rating.TheStreet Ratings gives Panera an A grade and has a $197.31 price target on the shares. The stock has risen 12.51% year to date.Content on this page requires a newer version of Adobe Flash Player.

1 2 3 4 Next › Last »

Content on this page requires a newer version of Adobe Flash Player.

Home Depot

The home improvement products retailer is scheduled to report its fourth-quarter results on Feb. 21. Analysts, on average, expect earnings of 42 cents a share on $15.46 billion in revenue."Unlike most retail categories that suffered from warm weather this winter, we believe home improvement stands to benefit as consumers spend more time outdoors," JPMorgan analysts wrote in a Jan. 20 report. "While snow removal and heating products were likely hurt, we believe this was outweighed by repair/maintenance projects that require warmer (and snowless) weather and HD continues to benefit from its operational transformation (vs. LOW)."Shares of Home Depot hit a 52-week high on Tuesday of $45.58. The stock's 52-week low of $28.13 was set on Aug. 9. Home Depot has a forward P/E of 16.51X. The average for home improvement retailers is 18.67X. Lowe's(LOW) has a lower forward P/E of 15.07X.Of the 30 analysts who cover the company, 17 rated it a buy. Thirteen gave Home Depot a hold rating.TheStreet Ratings gives Home Depot an A+ grade and has a $54.08 price target on the stock. Shares have increased 8.28% year to date.Lincoln ElectricThe welding products manufacturer is scheduled to report its fourth-quarter results on Feb. 17. Analysts, on average, anticipates earnings of 63 cents a share on $698.38 million in revenue.Shares of Lincoln Electric hit a 52-week high on Tuesday of $45.74. The stock's 52-week low of $26.84 was set on Oct. 4.Lincoln Electric has a forward P/E of 16.31X. The average for industrial machinery companies is 15.99X. Timken(TKR) has a lower forward P/E of 8.74X.Four of the seven analysts who cover the stock rated it a buy. The other three analysts rated it a hold.TheStreet Ratings gives Lincoln Electric a B+ grade and has a $56.14 price target on the shares. The stock has risen 16.25% year to date.Content on this page requires a newer version of Adobe Flash Player.

« First ‹ Previous 1 2 3 4 Next › Last »

Content on this page requires a newer version of Adobe Flash Player.

Hubbell

The electronic products company reported fourth-quarter earnings of $70.5 million, or $1.17 a share, on Jan. 26. This performance topped year-ago fourth-quarter earnings of $50.2 million, or 81 cents a share."We believe we are in the early stages of a multi-year grid transformation cycle and with the company's solid position in transmission and distribution equipment, we expect this segment could experience accelerating growth over the next couple of years," JMP Securities analysts wrote in a Jan. 27 report.Shares of Hubbell hit a 52-week high Tuesday of $74.95. The stock's 52-week low of $46.81 was set on Oct. 4.Hubbell has a forward P/E of 13.65X The average among electrical components companies is 19.54X. Avnet(AVT) has a lower forward P/E of 7.94X.Seven of the 10 analysts who cover Hubbell rated it a buy. Three analysts consider it a hold.TheStreet Ratings gives Hubbell an A- grade and has a $84.56 price target on the shares. The stock has increased 11.37% year to date.ValsparThe paint and coatings company is scheduled to report its fiscal first-quarter results on Feb. 14. Analysts, on average, anticipate earnings of 48 cents a share on revenue of $906.35 million."New product wins, stabilizing raw material costs and higher pricing should be thepositive headlines for VAL starting out FY12," KeyBanc Capital Markets analysts wrote in Jan. 18 report. "Pricing is quickly catching up to costs and the Company's margins should improve even in a low growth to possibly slightly down volume environment when it reports 1Q12 results."Shares of Valspar hit a 52-week high on Tuesday of $44.48. The stock's 52-week low of $27.44 was set on Aug. 8.Valspar has a forward P/E of 13.09X. The average among building materials and fixtures companies is 40.85X. Lennox International(LII) has a lower forward P/E of 12.75X.Of the 13 analysts who cover Valspar, eight rated the company a hold. Five analysts consider it a buy.TheStreet Ratings gives Valspar a B- grade and has a $50.02 price target on the shares. The stock has risen 13.45% year to date.Content on this page requires a newer version of Adobe Flash Player.

« First ‹ Previous 1 2 3 4 Next › Last »

Content on this page requires a newer version of Adobe Flash Player.

Elizabeth Arden

The beauty products company announced it second-quarter earnings on Thursday. Elizabeth Arden reported a profit of $42.4 million, or $1.42 a share, up from a year-ago profit of $40 million, or $1.19 a share. "RDEN reported better than expected F2Q results Thursday on both the top and bottom lines, driven by healthy international sales growth and gross margin expansion," Oppenheimer analysts wrote in a Feb. 2 report. "Despite this, the company merely reaffirmed F12 guidance, citing the acceleration of the global repositioning of the Arden brand. We view this as a positive, as it is a key to the company's future growth, and underscores RDEN's underlying business strength."Shares of Elizabeth Arden hit a 52-week high of $39.94 on Tuesday. The stock's 52-week low of $25.57 was set on March 16. Elizabeth Arden has a forward P/E of 16.78X; the average among personal products companies is 15.83X. Kimberly-Clark(KMB) has a lower forward P/E of 12.97X.Analysts covering Elizabeth Arden were split with four rating the company a buy and the other four giving it a hold rating.TheStreet Ratings gives Elizabeth Arden an A- grade and has a $50.35 price target on the shares. The stock has increased 6.64% year to date.-- >To submit a news tip, send an email to: tips@thestreet.com.>To follow the writer on Twitter, go to Alexandra Zendrian.

>To order reprints of this article, click here: Reprints « First ‹ Previous 1 2 3 4

No comments:

Post a Comment