NEW YORK ( TheStreet) -- Sally Beauty Holdings Inc (NYSE: SBH) hit a new 52-week high Friday as it is currently trading at $18.65, above its previous 52-week high of $18.62 with 910,496 shares traded as of 11:16 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Sally Beauty has a market cap of $3.3 billion and is part of the services sector and specialty retail industry. Shares are up 24.1% year to date as of the close of trading on Thursday.

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 16.5, equal to the average specialty retail industry P/E ratio and below 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.

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