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NEW YORK ( TheStreet) -- Hibbett Sports (Nasdaq: HIBB) hit a new 52-week high Tuesday as it is currently trading at $55.75, above its previous 52-week high of $55.72 with 116,850 shares traded as of 1:55 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 22.2% year to date as of the close of trading on Monday. Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets primarily in the southeast, southwest, Mid-Atlantic, and Midwest regions of the United States. The company has a P/E ratio of 25.4, above the average specialty retail industry P/E ratio of 24.5 and above the S&P 500 P/E ratio of 17.7.