5 High Volume NYSE Stocks That Blasted to 52-Week Highs Monday

Dick’s Sporting Goods Inc. (NYSE:DKS) is currently trading flat on Tuesday after touching a 52-week high of $61.61 yesterday. Shares received a jolt on September 15 after investment firm Oppenheimer raised its rating on the sporting goods retailer to ‘Outperform’ from ‘Market Perform’ with a target price of $75, suggesting 28% upside at the time of the call. Oppenheimer is bullish on the stock due to significant competitive fallout, as rivals like Sports Authority have declared bankruptcy. Dick’s Sporting Goods Inc. (NYSE:DKS)’s recent announcement of further expansion and its efforts to improve its stores’ productivity could allow it to capture a nice chunk of the vacated market share. Of the funds in our database, 44 held a total of $772 million of Dick’s Sporting Goods’ stock on June 30, accounting for 15% of its outstanding shares.

Shares of Essent Group Ltd. (NYSE:ESNT) touched their 52-week high of $28.62 yesterday, though they’ve dipped by 2% today. Short covering has helped push the stock higher in recent weeks, as short interest in it fell by 19% during the second-half of August to just 1.32 million shares. Investors are bullish on the finance – mortgage & related services segment, which is anticipated to have solid earnings estimates across the board. For Essent Group Ltd. (NYSE:ESNT), analysts are now predicting $0.59 per share for the ongoing quarter, up from $0.58, and $2.28 for the year, up from previous estimates of $2.23. 15 funds we track held about $123 million of Essent shares at the end of the second quarter.

Shares of International Paper Company (NYSE:IP) attained their 52-week high of $49.90 yesterday, despite the company continuing to be hampered by weak demand from Brazil. Demand from China is also fragile, though the company is enjoying some momentum in the U.S. International Paper expects to close its $2.2 billion acquisition of Weyerhaeuser Co (NYSE:WY)’s cellulose fiber pulp mills in the fourth quarter. 20 funds we track were long about $216 million in International Paper Company (NYSE:IP) shares at the end of June.

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