S&P/ASX 200 Index (ASX: XJO) shares are up 0.58% on Tuesday afternoon at 8,269 points.
Meantime, these seven companies are among a group of stocks hitting new price benchmarks today.
7 ASX 200 shares rising to new peaks on Tuesday
Premier Investments Limited (ASX: PMV)
The Premier Investments share price is one of the strongest risers of the ASX 200 on Tuesday.
Premier Investments shares soared by 17.8% to a new all-time high of $36.38 after the company announced a merger agreement with Myer Holdings Ltd (ASX: MYR).
As my colleague James reported, Myer will acquire Premier's Apparel Brands business in Australia and New Zealand in exchange for the issue of 890.5 million new shares.
Apparel Brands is the business behind popular fashion brands such as Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E.
Upon completion, the combined entity will have $4 billion in revenue and $152 million EBIT on a pro forma FY24 basis. It will comprise 783 stores and employ approximately 17,300 staff.
The shares being issued will be distributed to Premier Investments shareholders on a 7.2 for 1 ratio.
This ASX 200 retail share has risen 52% over the past 12 months.
Zip Co Ltd (ASX: ZIP)
The Zip share price leapt 13.6% to hit a new 52-week high of $3.17.
This followed the buy now, pay later company's release of its 1Q FY25 update.
For the three months ending 30 September, Zip achieved group cash EBTDA of $31.7 million, up 233.7% from 1Q FY24.
The United States business was a key driver of the increase.
Zip US reported a Total Transaction Volume of US$1,301.8 million, up 42.8% from 1Q FY24. It also delivered revenue of US$92.1 million, an increase of 43.9% from 1Q FY24.
The ASX 200 buy now, pay later share is up 938% over the past 12 months.
Ansell Ltd (ASX: ANN)
The Ansell share price hit a new 52-week high of $32.90 today, up 4.7%.
The gloves and PPE supplier held its annual general meeting and issued a trading update today.
The company said its 1Q FY25 performance was ahead of expectations due to strong sales and a recovery from shipping delays in late FY24.
The company has revised up its FY25 adjusted earnings per share (EPS) guidance range.
The previous guidance was between 107 US cents and 127 US cents.
The new guidance is between 110 US cents and 127 US cents.
The ASX 200 healthcare share has risen by 50% over the past 12 months.
Aristocrat Leisure Limited (ASX: ALL)
The Aristocrat share price shot to a new all-time record high of $61.24 on Tuesday.
This represents a 2.45% increase on yesterday's closing price.
There is no news out of Aristocrat today.
The ASX 200 gaming share is up 57% over the past 12 months.
Xero Ltd (ASX: XRO)
The Xero share price hit a new 52-week high of $152.49 despite no news from the cloud-based accounting software company today.
Yesterday, my Fool colleague James reported that broker Goldman Sachs has a conviction buy rating on Xero with a 12-month share price target of $201.
This implies a potential 30%-plus upside for investors who buy Xero shares today.
The ASX 300 technology share has lifted 42% over the past 12 months.
Hub24 Ltd (ASX: HUB)
The Hub24 share price touched a new record high of $69.49, up 1.2%.
There is no news from Hub24 today.
The ASX 200 financial share is up 128% over the past 12 months.
Qantas Airways Limited (ASX: QAN)
Qantas shares are rising and reached a new 52-week high of $8.18 on Tuesday, up 0.74%.
The Flying Kangaroo had no price-sensitive news for the market today.
My colleague Bernd ponders whether it might be time to cash in on Qantas shares.
The ASX 200 travel share is up 69% over the past 12 months.
