NEW YORK ( TheStreet) -- Hibbett Sports (Nasdaq: HIBB) hit a new 52-week high Thursday as it is currently trading at $47.33, above its previous 52-week high of $47.22 with 149,432 shares traded as of 12:24 p.m. ET. Average volume has been 327,800 shares over the past 30 days. Hibbett Sports has a market cap of $1.22 billion and is part of the services sector and specialty retail industry. Shares are up 2.4% 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 23.1, 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, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. 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. See all 52-week high stocks or get investment ideas from our investment research center.