Sally Beauty Reaches New 52-Week High (SBH)

NEW YORK ( TheStreet) -- Sally Beauty Holdings (NYSE: SBH) hit a new 52-week high Monday as it is currently trading at $31.65, above its previous 52-week high of $31.62 with 15,313 shares traded as of 9:40 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Sally Beauty has a market cap of $5.26 billion and is part of the services sector and specialty retail industry. Shares are up 33.9% year to date as of the close of trading on Friday.

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.

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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 solid stock price performance. 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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