3 Stocks Hit 52-Week Highs: TJX, DDS, MHP
Each of these stocks received a buy rating from TheStreet Ratings .
Shares of TJX hit a 52-week high Tuesday of $40.80. The stock's 52-week low of $24.60 was set on June 15.
TJX shares currently trade at an estimated price-to-earnings ratio for next year of 15.44X times; the average for apparel retailers is 16.56X. For comparison, Kohl's(KSS) has a lower forward P/E of 9.65X; Ross Stores' (ROST) forward P/E is 15.95X.
"TJX reported a March
Twenty of the 31 analysts who cover TJX rate it at buy; 11 analysts give the stock a hold rating.
TheStreet Ratings gives TJX an A+ grade with a buy rating and $52.19 price target. The stock has risen 26.67% year to date.
Shares of Dillard's hit a 52-week high Tuesday of $64.72. The stock's 52-week low of $38.99 was set on Aug. 19.
Dillard's shares trade at a forward P/E of 12.24X; the average for apparel retailers is 16.92X. For comparison, Ann(ANN) and Saks(SKS) both have higher forward P/Es of 12.72X and 19.05X, respectively.
"Over the past three years, Dillard's has worked to move its product offering more upscale, focusing on the market opportunity between Macy's and Nordstrom, targeting a higher-income demographic and battling more on fashion than price - separating itself to an extent from moderate peers Macy's, JCPenney, and Kohl's," JPMorgan analysts wrote in a report Monday. "From a merchandising perspective, the company lightened inventories (23% permanent reduction in 2008), beefed up customer service, and introduced a number of new brands. Looking forward, we will be monitoring stores for signs of continued change (further brand introductions/expanded doors) and believe further progress with vendors represents the next leg in the Dillard's turnaround."
Two of the three analysts who cover Dillard's rate it at hold; one analyst gives the stock a buy rating.