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NEW YORK ( TheStreet) -- Cabela's (NYSE: CAB) hit a new 52-week high Wednesday as it is currently trading at $39.86, above its previous 52-week high of $39.80 with 343,208 shares traded as of 1 p.m. ET. Average volume has been 719,700 shares over the past 30 days. Cabela's has a market cap of $2.66 billion and is part of the services sector and specialty retail industry. Shares are up 51.2% year to date as of the close of trading on Tuesday. Cabela's Incorporated, together with its subsidiaries, operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. The company has a P/E ratio of 19.3, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.