Hibbett Sports Reaches New 52-Week High (HIBB)

NEW YORK ( TheStreet) -- Hibbett Sports (Nasdaq: HIBB) hit a new 52-week high Thursday as it is currently trading at $50.73, above its previous 52-week high of $50.50 with 135,529 shares traded as of 12:09 p.m. ET. Average volume has been 305,700 shares over the past 30 days.

Hibbett Sports has a market cap of $1.29 billion and is part of the services sector and specialty retail industry. Shares are up 8.3% 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 24.9, above the average specialty retail industry P/E ratio of 24.5 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 shows weak operating cash flow. You can view the full Hibbett Sports Ratings Report.

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