Sally Beauty Rises On Unusually High Volume (SBH)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Wednesday with 4.1 million shares changing hands. It is currently at four times its average daily volume and trading up 68 cents (+3.3%) at $21.50 as of 3:35 p.m. ET.
Sally Beauty has a market cap of $3.74 billion and is part of the
sector and
industry. Shares are down 1.5% 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 18.1, above the average specialty retail industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Sally Beauty as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins 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
.
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