Atom Investors LP bought a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 74,863 shares of the specialty retailer's stock, valued at approximately $1,016,000. Atom Investors LP owned about 0.07% of Sally Beauty as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in Sally Beauty during the first quarter worth about $64,000. Quest Partners LLC boosted its position in Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock valued at $78,000 after purchasing an additional 7,243 shares during the period. nVerses Capital LLC acquired a new position in Sally Beauty during the 3rd quarter worth $94,000. Algert Global LLC acquired a new position in Sally Beauty during the 2nd quarter worth $113,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Sally Beauty in the second quarter valued at $117,000.
Insiders Place Their Bets
In other news, CAO Kim Mcintosh sold 4,300 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at $242,433.05. This trade represents a 20.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the transaction, the insider now directly owns 42,431 shares of the company's stock, valued at $614,825.19. The trade was a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.
Sally Beauty Stock Up 1.2 %
Shares of SBH traded up $0.16 on Wednesday, reaching $13.87. The company's stock had a trading volume of 1,675,759 shares, compared to its average volume of 1,416,544. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. Sally Beauty Holdings, Inc. has a twelve month low of $9.06 and a twelve month high of $14.79. The stock has a market capitalization of $1.41 billion, a PE ratio of 9.52 and a beta of 1.51. The firm has a fifty day moving average of $13.14 and a 200-day moving average of $12.12.
Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. During the same quarter last year, the business posted $0.42 EPS. Sally Beauty's quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts predict that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on SBH. TD Cowen raised Sally Beauty from a "hold" rating to a "buy" rating and boosted their target price for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. Morgan Stanley increased their target price on Sally Beauty from $8.00 to $12.00 and gave the company an "underweight" rating in a research note on Friday, November 15th. DA Davidson increased their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a report on Saturday, November 23rd. Finally, Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.50.
View Our Latest Report on SBH
About Sally Beauty
(
Free Report)
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.
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