NEW YORK (

TheStreet

) --

Sally Beauty Holdings

(NYSE:

SBH

) hit a new 52-week high Wednesday as it is currently trading at $23.89, above its previous 52-week high of $23.88 with 577,282 shares traded as of 12:25 p.m. ET. Average volume has been one million shares over the past 30 days.

Sally Beauty has a market cap of $3.74 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 10.9% year to date as of the close of trading on Tuesday.

Sally Beauty Holdings, Inc., through its subsidiaries, engages in the distribution and retail of professional beauty supplies primarily in North America, South America, and Europe. The company operates in two segments, Sally Beauty Supply and Beauty Systems Group. The company has a P/E ratio of 19.4, above the average specialty retail industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sally Beauty as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Sally Beauty Ratings Report

.

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