Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $9.06 and last traded at $9.12, with a volume of 1529432 shares traded. The stock had previously closed at $9.59.
Analyst Ratings Changes
SBH has been the topic of several recent analyst reports. StockNews.com cut Sally Beauty from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. DA Davidson cut their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday. Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. Morgan Stanley cut their price target on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Finally, TD Cowen raised shares of Sally Beauty from a "hold" rating to a "buy" rating and upped their target price for the company from $14.00 to $16.00 in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $12.70.
Read Our Latest Stock Report on Sally Beauty
Sally Beauty Stock Down 0.8 %
The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The company has a market capitalization of $939.23 million, a price-to-earnings ratio of 6.40 and a beta of 1.55. The business's 50 day moving average is $10.97 and its 200 day moving average is $12.14.
Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. The firm had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. Sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current year.
Insider Buying and Selling
In related news, CAO Kim Mcintosh sold 4,300 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction that occurred 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 sale, the insider now owns 42,431 shares of the company's stock, valued at approximately $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. 1.56% of the stock is currently owned by corporate insiders.
Institutional Trading of Sally Beauty
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hancock Whitney Corp raised its stake in shares of Sally Beauty by 1.9% during the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer's stock valued at $552,000 after purchasing an additional 773 shares during the period. Corient Private Wealth LLC increased its position in shares of Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer's stock worth $200,000 after purchasing an additional 1,069 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Sally Beauty by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock valued at $140,000 after purchasing an additional 1,090 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 2,012 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sally Beauty by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer's stock worth $612,000 after purchasing an additional 2,137 shares in the last quarter.
About Sally Beauty
(
Get 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.
Read More
Before you consider Sally Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sally Beauty wasn't on the list.
While Sally Beauty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
