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NEW YORK ( TheStreet) -- Bed Bath & Beyond (Nasdaq: BBBY) hit a new 52-week high Wednesday as it is currently trading at $64.20, above its previous 52-week high of $63.83 with 377,257 shares traded as of 9:40 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Bed Bath & Beyond has a market cap of $15.16 billion and is part of the services sector and retail industry. Shares are up 7.4% year to date as of the close of trading on Tuesday. Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has a P/E ratio of 16.7, below the average retail industry P/E ratio of 16.9 and below the S&P 500 P/E ratio of 17.7.