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Weekly 52-Week High Companies: BBBY, RCI, BHI, D, NSC

July 24, 2011 | About:
gururk

gururk

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According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week highs: Bed Bath & Beyond Inc. (BBBY), Rogers Communications Inc. Cl B (RCI), Baker Hughes Inc. (BHI), Dominion Resources Inc. (D) and Norfolk Southern Corp. (NSC).

Bed Bath & Beyond Inc. (BBBY) Reached the 52-Week High of $59.7

Bed Bath & Beyond is a nationwide operator of "superstores" selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. Bed Bath & Beyond Inc. has a market cap of $14.87 billion; its shares were traded at around $59.7 with a P/E ratio of 18.1 and P/S ratio of 1.7. Bed Bath & Beyond Inc. had an annual average earnings growth of 13.1% over the past 10 years. GuruFocus rated Bed Bath & Beyond Inc. the business predictability rank of 3-star.

On June 22, Bed Bath & Beyond Inc. reported net earnings of $.72 per diluted share ($180.6 million) in the fiscal first quarter ended May 28, 2011, an increase of approximately 38% versus net earnings of $.52 per diluted share ($137.6 million) in the same quarter a year ago. Net sales for the fiscal first quarter of 2011 were approximately $2.110 billion, an increase of approximately 9.7% from net sales of approximately $1.923 billion reported in the fiscal first quarter of 2010. Comparable store sales in the fiscal first quarter of 2011 increased by approximately 7.0%, compared with an increase of approximately 8.4% in last year's fiscal first quarter.

This month, CFO and Treasurer Eugene A. Castagna sold 26,466 shares of BBBY stock. Co-Chairman Warren Eisenberg and Co-Chairman Leonard Feinstein sold shares in May. President and CMO Arthur Stark and Senior VP Stores Matthew Fiorilli sold shares in April.

Rogers Communications Inc. Cl B (RCI) Reached the 52-Week High of $40

Rogers Communications is Canada's national communications company engaged in Digital PCS, cellular, messaging and data communications through Rogers AT&T Wireless; in cable television, high-speed Internet access and video retailing through Rogers Cable; and in radio and television broadcasting, tele-shopping, publishing and new media businesses through Rogers Media.

Rogers Communications Inc. Cl B has a market cap of $17.36 billion; its shares were traded at around $40 with a P/E ratio of 13.2 and P/S ratio of 1.4. The dividend yield of Rogers Communications Inc. Cl B stocks is 3.5%. Rogers Communications Inc. Cl B had an annual average earnings growth of 15.5% over the past 10 years. GuruFocus rated Rogers Communications Inc. Cl B the business predictability rank of 5-star.

On April 26, Rogers Communications Inc. reported results for the first quarter of 2011. Generated consolidated quarterly revenue growth of 4%, with wireless network revenue growth of 3%, cable operations revenue growth of 3%, and media revenue growth of 17%, versus the same quarter last year. While cable operations adjusted operating profit increased by 12%, this was offset by a 5% decline at wireless primarily reflecting costs associated with the significant year-over-year increase in smartphone activations and a decline at media due to increased sports programming costs.

Baker Hughes Inc. (BHI) Reached the 52-Week High of $79.9

Baker Hughes Inc. is engaged in the oilfield and process industries. Baker Hughes Inc. has a market cap of $34.73 billion; its shares were traded at around $79.9 with a P/E ratio of 29.8 and P/S ratio of 2.3. The dividend yield of Baker Hughes Inc. stocks is 0.8%. Baker Hughes Inc. had an annual average earnings growth of 11% over the past 10 years.

This month, Chairman and CEO Chad C Deaton and Sr. Vice President Alan R. Crain Jr. sold shares of BHI stock.

On April 27, Baker Hughes Incorporated announced net income attributable to Baker Hughes for the first quarter 2011 of $381 million or $0.87 per diluted share compared to $129 million or $0.41 per diluted share for the first quarter 2010 and $335 million or $0.77 per diluted share for the fourth quarter 2010. Revenue for the first quarter 2011 was $4.53 billion, up 78% compared to $2.54 billion for the first quarter 2010 and up 2% compared to $4.42 billion for the fourth quarter 2010.

Dominion Resources Inc. (D) Reached the 52-Week High of $49.78

Dominion Resources is a producer of energy. Dominion has one of the larger British Thermal Unit production capability among integrated utilities in the northeast quadrant of the United States. Dominion Resources Inc. has a market cap of $28.66 billion; its shares were traded at around $49.78 with a P/E ratio of 15 and P/S ratio of 1.8. The dividend yield of Dominion Resources Inc. stocks is 3.9%. Dominion Resources Inc. had an annual average earnings growth of 3.9% over the past 10 years.

On April 28, Dominion announced reported earnings determined in accordance with Generally Accepted Accounting Principles for the three months ended March 31, 2011, of $479 million ($0.82 per share), compared with reported earnings of $174 million ($0.29 per share) for the same period in 2010. Operating earnings for the three months ended March 31, 2011, amounted to $541 million ($0.93 per share), compared to operating earnings of $576 million ($0.96 per share) for the same period in 2010. Operating earnings are defined as reported (GAAP) earnings adjusted for certain items.

In May, Director William P. Barr bought 2,076 shares of D stock. Director Helen E. Dragas bought 14,584 shares in May.

Norfolk Southern Corp. (NSC) Reached the 52-Week High of $76.21

Norfolk Southern Corp., a Virginia-based holding company, owns two major freight railroads, Norfolk Southern Railway Company and Norfolk Western Railway Company, which operates in numerous states, the District of Columbia and the Province of Ontario. Norfolk Southern Corp. has a market cap of $26.92 billion; its shares were traded at around $76.21 with a P/E ratio of 18.5 and P/S ratio of 2.8. The dividend yield of Norfolk Southern Corp. stocks is 2.2%. Norfolk Southern Corp. had an annual average earnings growth of 11.6% over the past 10 years. GuruFocus rated Norfolk Southern Corp. the business predictability rank of 3.5-star.

For the first quarter of 2011, Norfolk Southern Corporation reported net income of $325 million, or $0.90 per diluted share, 26 percent higher than $257 million, or $0.68 per diluted share, for the first quarter of 2010. First-quarter 2011 results included a $58 million non-cash charge associated with an unfavorable insurance arbitration ruling that reduced net income by $36 million, or $0.10 per diluted share. For the same period of 2010, results were impacted by a $27 million, or $0.07 per diluted share, deferred tax charge resulting from the enactment of healthcare legislation.

In June, Exec. VP of Law and Corp. Relations James A. Hixon and Executive V.P. of Administration John P. Rathbone sold shares of NSC stock.

Rating: 3.8/5 (6 votes)

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