NEW YORK (

TheStreet

) --

Hibbett Sports

(Nasdaq:

HIBB

) hit a new 52-week high Wednesday as it is currently trading at $45.99, above its previous 52-week high of $45.90 with 16,382 shares traded as of 9:36 a.m. ET. Average volume has been 367,300 shares over the past 30 days.

Hibbett Sports has a market cap of $1.12 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 19.4% year to date as of the close of trading on Tuesday.

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 22.1, above the average specialty retail industry P/E ratio of 20.8 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Hibbett Sports Ratings Report

.

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