Historical share price graphs are a good overview of how stocks have performed in the past, with any dips or bursts usually tied to announcements that have swayed investor sentiment in one way or another.
These 3 companies are sitting at 52-week highs, with their 1-year share price graphs looking pretty healthy at present.
Premier Investments Limited (ASX: PMV)
Specialty retail mover and shaker Premier Investments Limited hit a 52-week high today when its share price surged to $15.47, up from a 52-week low of $12.01 with investors rallying behind the company as Chairman Solomon Lew takes a firm stand on skyrocketing commercial rents.
Lew has threatened to pull the company’s high-sales brands, including stationary supplier Smiggle and well-known sleepwear giant Peter Alexander, from shopping centre sites where cheaper rates are given to overseas competitors.
Strong sales out of Smiggle was behind Premier Investment’s 9.3% rise net profit when half-year results were released last week, with NPAT at $78.6 million and underlying EBIT at $102.5 million – the first time Premier has booked a result above $100 million for half-year results.
Shareholders have been extra buoyed by the announcement of a 29c per share fully-franked dividend – an increase of 11.5% on dividends from the previous corresponding period.
Headlines like Lew’s strong stance against unworkable commercial rents have done little to dampen investor sentiment, possibly even giving it a further boost – although Lew is usually true to his word.
Premier pulled its flagship Portman’s store out of Melbourne’s Bourke Street Mall last year when rent negotiations failed with the landlord.
Premier owns a 10.8% stake in department store chain Myer Holdings Ltd (ASX: MYR), which is expected to hand down hotly-anticipated financial results this week.
Northern Star Resources Ltd (ASX: NST)
Shares in gold production and exploration company Northern Star Resources Ltd were up 1.2% at the time of writing to $6.69 – a 52-week high for the stock which has tracked up steadily from a 52-week low of $3.95.
Northern Star has possibly joined its peers as a “safe haven” stock in the last two weeks as investors rattled by US index slumps rallied around blue chip resource players they felt they could trust, with shares in Evolution Mining Ltd (ASX: EVN), Resolute Mining Limited (ASX: RSG) and Regis Resources Limited (ASX: RRL) also showing upward trends in share price as volatile conditions played out in other market sectors.
Northern Star recently announced its move to gobble up Westgold Resources Ltd’s (ASX: WGX) South Kalgoorlie operations for $80 million in an effort to add mill capacity to its operations to meet its production goals.
All eyes are on the company’s Millennium Mine project for the second half of FY18, which is speculated to increase NPAT.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
Shares in Australian media and entertainment group Nine Entertainment Co Holdings Ltd are down 3.35% at the time of writing to $2.31 after a stellar track upwards in the last 12-months to hit a 52-week high of $2.39 on March 19.
Nine has suffered through some bad publicity this week after morning show anchor Karl Stefanovic hit the headlines for an unsavoury public discussion with his brother that saw the pair berate network colleagues.
Shares in Nine Entertainment have trended upwards steadily since the release of half-year results in late February which saw net profit and revenue jump 55% and 9% respectively.
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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.