Hibbett Sports Reaches New 52-Week High (HIBB)

NEW YORK ( TheStreet) -- Hibbett Sports (Nasdaq: HIBB) hit a new 52-week high Friday as it is currently trading at $46.97, above its previous 52-week high of $46.96 with 105,313 shares traded as of 1:20 p.m. ET. Average volume has been 356,500 shares over the past 30 days.

Hibbett Sports has a market cap of $1.23 billion and is part of the services sector and specialty retail industry. Shares are up 23.1% year to date as of the close of trading on Thursday.

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 23.3, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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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