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NEW YORK ( TheStreet) -- Sally Beauty Holdings (NYSE: SBH) hit a new 52-week high Thursday as it is currently trading at $24.92, above its previous 52-week high of $24.53 with 1.1 million shares traded as of 12:55 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 15.9% 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 20, above the average specialty retail industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 17.7.