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TheStreet Wire

Hibbett Sports Reaches New 52-Week High (HIBB)

By TheStreet Wire 03/22/12 - 05:14 PM EDT

Find out if (HIBB) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Hibbett Sports (Nasdaq:HIBB) hit a new 52-week high Thursday as it is currently trading at $53.94, above its previous 52-week high of $53.79 with 163,960 shares traded as of 3:50 p.m. ET. Average volume has been 305,700 shares over the past 30 days.

Hibbett Sports has a market cap of $1.29 billion and is part of the services sector and specialty retail industry. Shares are up 18.3% year to date as of the close of trading on Wednesday.

Hibbett Sports, Inc. operate sporting goods stores in small to mid-sized markets primarily in the southeast, southwest, Mid-Atlantic, and the Midwest regions of the United States. Its stores offer an assortment of athletic equipment, footwear, and apparel. The company has a P/E ratio of 24.4, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hibbett Sports as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Hibbett Sports Ratings Report.

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