5 Companies Hit 52-Week Highs

As of late, multiple companies have all managed to achieve yearly highs

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Jul 10, 2018
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According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.

IDEXX Laboratories Inc. (IDXX, Financial) reached the 52-week high of $225.53

IDEXX Laboratories Inc. develops, manufactures and distributes products and provide services for companion animal veterinary, livestock and poultry, dairy and water testing markets. IDEXX Laboratories Inc. primarily develops, manufactures, and distributes diagnostic products, equipment, and services for pets and livestock. Its key product lines include single-use canine and feline test kits that veterinarians can employ in the office, laboratory equipment for blood-panel analysis, reference lab services, and tests to detect and manage disease in livestock. Idexx gets about 42% of its revenue from outside the U.S.

The price of IDEXX Laboratories Inc. shares has reached $225.53, which is 1.5% off the 52-week high of $229.01. Idexx Laboratories Inc. has a market cap of $19.59 billion; its shares were traded around $225.53 with a P/E ratio of 70.90 and P/S ratio of 9.84. Idexx Laboratories Inc. had an annual average earnings growth of 13.80% over the past 10 years. GuruFocus rated Idexx Laboratories Inc. the business predictability rank of 5-star.

IDEXX Laboratories Inc. recently reported revenues for the first quarter of 2018 of $538 million, an increase of 16% compared to the prior year period on a reported basis, and 12% on an organic basis. Earnings per diluted share was $1.01 for the first quarter, representing 31% growth year-over-year on a reported basis and 32% on a comparable constant currency basis.

McCormick & Co Inc. (MKC, Financial) reached the 52-week high of $119.38

McCormick & Co. Inc. acts as a manufacturer, marketer and distributor of spices, herbs, extracts, seasonings and other flavorings. It serves its products to quick-service restaurants, retail grocery chains and packaged food processors. In its nearly 130-year history, McCormick has become the leading global manufacturer, marketer and distributor of spices, herbs, extracts, seasonings and other flavorings. McCormick's customer base includes top quick-service restaurants, retail grocery chains and other packaged food manufacturers, with about 45% of sales generated outside the U.S. in 150 countries and territories. Beyond its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen and the recently acquired Frank's RedHot and French's brand.

The price of McCormick & Co. Inc. shares has reached $119.38, which is 0.4% off the 52-week high of $119.86. McCormick & Co. Inc. has a market cap of $15.67 billion; its shares were traded around $119.38 with a P/E ratio of 18.92 and P/S ratio of 3.0. The trailing 12-month dividend yield of McCormick & Co. Inc. stocks is 1.70%. The forward dividend yield of McCormick & Co. Inc. stocks is 1.74%. McCormick & Co. Inc. had an annual average earnings growth of 5.40% over the past 10 years. GuruFocus rated McCormick & Co. Inc. the business predictability rank of 4.5-star.

McCormick & Co. Inc. recently reported financial results for the second quarter ended May 31, 2018, and reaffirmed its latest financial outlook for fiscal year 2018. Sales rose 19% in the second quarter from the year-ago period. In constant currency, the company grew sales 16%. Operating income was $192 million in the second quarter compared to $133 million in the year-ago period. Adjusted operating income was $208 million, a 51% increase from $137 million in the second quarter of 2017, and a 48% increase in constant currency. Earnings per share were 93 cents in the second quarter as compared to 79 cents in the year-ago period. Adjusted earnings per share rose 24% to $1.02 from 82 cents in the year-ago period.

Director, 10% Owner Alan D. Wilson sold 158,600 shares of McCormick & Co. stock on June 28, 2018, at the price of $110 per share. The price of the stock has increased by 8.53% since.

CBRE Group Inc. (CBRE, Financial) reached the 52-week high of $48.60

CBRE Group Inc. is a commercial real estate services and investment firm. It offers services including facilities management, property management, transaction management and strategic consulting. CBRE Group provides a wide range of real estate services to owners, occupiers and investors worldwide, including leasing, property and project management, and capital markets advisory. Additionally, CBRE's investment management arm manages nearly $90 billion for clients across diverse public and private real estate strategies.

The price of CBRE Group Inc. shares has reached $48.60, which is 1.2% off the 52-week high of $49.19. CBRE Group Inc. has a market cap of $16.51 billion; its shares were traded around $48.60 with a P/E ratio of 23.26 and P/S ratio of 1.04. CBRE Group Inc. had an annual average earnings growth of 15.10% over the past five years.

CBRE Group Inc. recently reported strong financial results for the first quarter ended March 31, 2018. Revenue for the first quarter totaled $4.7 billion, an increase of 15%. On a GAAP basis, net income and earnings per diluted share increased 10% to $150.3 million and 44 cents per share, respectively. Adjusted net income for the first quarter of 2018 rose 22% to $186.2 million, while adjusted earnings per share improved 20% to 54 cents per share.

CFO James R. Groch sold 50,000 shares of CBRE stock on June 20, 2018, at the price of $49.01 per share. The price of the stock has decreased by 0.84% since.

NetApp Inc. (NTAP, Financial) reached the 52-week high of $78.77

NetApp Inc. provides technology solutions. It is engaged in the design, manufacturing, marketing, and technical support of high-performance storage and data management solutions. Its core product offering includes data storage devices such as flash drives. NetApp is a provider of data storage products and services to enterprises across the globe. NetApp offers cloud-native, on-premises and hybrid hardware and software solutions designed to address most data storing and management needs of enterprise IT. The company has three reporting segments: products, software maintenance and hardware maintenance and professional services. NetApp uses direct and indirect go-to-market approaches and employs approximately 10,000 people worldwide.

The price of NetApp Inc. shares has reached $78.77, which is 1.4% off the 52-week high of $79.90. Netapp Inc. has a market cap of $20.75 billion; its shares were traded around $78.77 with a P/E ratio of 328.21 and P/S ratio of 3.72. The trailing 12-month dividend yield of Netapp Inc. stocks is 1.27%. The forward dividend yield of Netapp Inc. stocks is 1.27%. Netapp Inc. had an annual average earnings growth of 13.80% over the past 10 years. GuruFocus rated Netapp Inc. the business predictability rank of 2.5-star.

NetApp recently reported financial results for the fourth quarter and fiscal year 2018, ended April 27, 2018. Net revenues were $1.64 billion, increased 11% year-over-year from $1.48 billion in the fourth quarter of fiscal 2017. The company also reported a GAAP net income of $271 million, compared to GAAP net income of $190 million in the fourth quarter of fiscal 2017, and a non-GAAP net income of $288 million, compared to non-GAAP net income of $239 million in the fourth quarter of fiscal 2017.

CEO George Kurian sold 6,000 shares of NetApp Inc. stock on July 2, 2018, at the price of $78.16 per share. The price of the stock has increased by 0.78% since. He also sold 38,241 shares of NetApp stock on June 21, 2018, at the price of $78.24 per share. The price of the stock has increased by 0.68% since.

Lululemon Athletica Inc. (LULU, Financial) reached the 52-week high of $128.54

Lululemon Athletica Inc is a designer and retailer of technical athletic apparel operating in North America and Australia. Its yoga-inspired apparel is marketed under the lululemon athletica and ivivva athletica brand names. Lululemon is an athletic wear manufacturer and retailer, with virtually all products sold under its namesake brand. Women's apparel makes up most sales, but menswear (18% of sales in 2016) and accessories (about 8%) are expanding segments. Lululemon operates roughly 400 stores, with more than 300 in North America and the remaining in Australia, East Asia and the U.K. Company-operated stores and direct-to-consumer digital sales account for more than 90% of revenue; the rest comes through wholesale, outlets and showrooms.

The price of Lululemon Athletica Inc. (LULU, Financial) shares has reached $128.54, which is 1.0% off the 52-week high of $129.79. Lululemon Athletica Inc. has a market cap of $17.02 billion; its shares were traded around $128.54 with a P/E ratio of 57.90 and P/S ratio of 6.28. Lululemon Athletica Inc. had an annual average earnings growth of 26.30% over the past 10 years. GuruFocus rated Lululemon Athletica Inc. the business predictability rank of 2.5-star.

Lululemon Athletica Inc. recently announced financial results for the first quarter ended April 29, 2018:

-Net revenue was $649.7 million, an increase of 25% compared to the first quarter of fiscal 2017. On a constant dollar basis, net revenue increased 23%.

-Total comparable sales increased 20%, or 19% on a constant dollar basis.

-Gross profit was $344.7 million, an increase of 34% compared to the first quarter of fiscal 2017. Gross profit increased 31% compared to adjusted gross profit for the first quarter of fiscal 2017.

-Income from operations was $104.3 million, an increase of 130% compared to the first quarter of fiscal 2017. Income from operations increased 65% compared to adjusted income from operations for the first quarter of fiscal 2017.

-Diluted earnings per share were 55 cents compared to 23 cents in the first quarter of fiscal 2017. Adjusted diluted earnings per share for the first quarter of fiscal 2017 were 32 cents.

Note: I do not own these stocks.