Stocks Hit 52-Week Highs: Target, Verizon, Whole Foods
NEW YORK (TheStreet) -- The following stocks reached 52-week highs on Monday: Target(TGT) , Verizon(VZ) , Kimberly-Clark(KMB) , Under Armour(UA) , Whole Foods Market(WFM) , Duke Energy(DUK) and Dunkin' Brands(DNKN) .
"In our recent conversations with Target, we have heard that many vendors responded well to its high profile letter earlier this year, which hit on issues regarding the enforcement of minimum advertised price in the online channel versus bricks and mortar," Jefferies analysts wrote in a May 31 report. "We have already seen TV vendors get more discipline (for now) and Target has indicated, without any specificity, that other vendors are taking this issue more seriously as well. While it is challenging to quantify the benefits of this at this juncture, we were encouraged to hear that the pricing discussion is moving in the right direction."
Shares of Target hit a 52-week high on Monday of $59.40. The stock's 52-week low of $45.28 was set on Aug. 8.
Target trades at an estimated price-to-earnings ratio for next year is 13.36 times; the average among its peers is 20.34. For comparison, Wal-Mart(WMT) has a higher forward P/E of 14.8.
Seventeen of the 28 analysts who cover Target rated it buy; 11 analysts gave the stock a hold rating.
The stock has risen 15.48% year to date.