Hibbett Sports Reaches New 52-Week High (HIBB)

NEW YORK ( TheStreet) -- Hibbett Sports (Nasdaq: HIBB) hit a new 52-week high Tuesday as it is currently trading at $56.57, above its previous 52-week high of $56.25 with 7,004 shares traded as of 9:35 a.m. ET. Average volume has been 266,300 shares over the past 30 days.

Hibbett Sports has a market cap of $1.45 billion and is part of the services sector and specialty retail industry. Shares are up 23.7% 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 25.5, below the average specialty retail industry P/E ratio of 25.6 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. 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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