NEW YORK (

TheStreet

) --

Hibbett Sports

(Nasdaq:

HIBB

) hit a new 52-week high Thursday as it is currently trading at $58.96, above its previous 52-week high of $58.69 with 156,805 shares traded as of 3:20 p.m. ET. Average volume has been 279,400 shares over the past 30 days.

Hibbett Sports has a market cap of $1.49 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 28.9% year to date as of the close of trading on Wednesday.

Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets primarily in the southeast, southwest, Mid-Atlantic, and Midwest regions of the United States. The company has a P/E ratio of 26.3, 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Hibbett Sports Ratings Report

.

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