NEW YORK (

TheStreet

) --

Sally Beauty Holdings

(NYSE:

SBH

) hit a new 52-week high Thursday as it is currently trading at $21.86, above its previous 52-week high of $21.85 with 1.6 million shares traded as of 2:15 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 down 2% year to date as of the close of trading on Wednesday.

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.

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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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Sally Beauty Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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