NEW YORK ( TheStreet) -- Sally Beauty Holdings Inc (NYSE: SBH) is trading at unusually high volume Thursday with 3.7 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 61 cents (+3.6%) at $17.57 as of 9:41 a.m. ET. Sally Beauty has a market cap of $3 billion and is part of the services sector and specialty retail industry. Shares are up 16.7% year to date as of the close of trading on Wednesday. Sally Beauty Holdings, Inc., together with its subsidiaries, engages in the distribution and retail of professional beauty supplies. The company operates in two segments, Sally Beauty Supply and Beauty Systems Group. The company has a P/E ratio of 15.3, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Sally Beauty Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.