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NEW YORK ( TheStreet) -- Hibbett Sports (Nasdaq: HIBB) hit a new 52-week high Monday as it is currently trading at $48.88, above its previous 52-week high of $48.87 with 4,772 shares traded as of 9:49 a.m. ET. Average volume has been 320,000 shares over the past 30 days. Hibbett Sports has a market cap of $1.27 billion and is part of the services sector and specialty retail industry. Shares are up 7.4% year to date as of the close of trading on Friday. 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 24.2, above the average specialty retail industry P/E ratio of 24 and above the S&P 500 P/E ratio of 17.7.