Sally Beauty Reaches New 52-Week High (SBH)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Sally Beauty Holdings (NYSE: SBH) hit a new 52-week high Tuesday as it is currently trading at $30.63, above its previous 52-week high of $30.59 with 852,414 shares traded as of 2:30 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Sally Beauty has a market cap of $5.07 billion and is part of the services sector and specialty retail industry. Shares are up 28% year to date as of the close of trading on Monday.

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 21, 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, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sally Beauty Ratings Report.

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