Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) shares dropped 3.3% during mid-day trading on Friday . The stock traded as low as $13.63 and last traded at $13.67. Approximately 153,351 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,406,705 shares. The stock had previously closed at $14.14.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. 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. Morgan Stanley boosted their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an "underweight" rating in a research note on Friday, November 15th. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. Finally, TD Cowen raised Sally Beauty from a "hold" rating to a "buy" rating and upped their price objective for the stock from $14.00 to $16.00 in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $13.50.
Check Out Our Latest Analysis on Sally Beauty
Sally Beauty Price Performance
The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 9.67 and a beta of 1.53. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The company's fifty day moving average is $13.12 and its two-hundred day moving average is $12.07.
Sally Beauty (NYSE:SBH - Get Free Report) last posted 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 return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same period last year, the company earned $0.42 EPS. The firm's revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.
Insider Activity at Sally Beauty
In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. This represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sally Beauty
Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC lifted its stake in Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock valued at $208,928,000 after buying an additional 387,736 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Sally Beauty by 0.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer's stock worth $47,695,000 after acquiring an additional 10,016 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Sally Beauty by 34.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer's stock worth $35,276,000 after acquiring an additional 833,720 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sally Beauty by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer's stock valued at $34,551,000 after acquiring an additional 80,712 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer's stock worth $32,790,000 after purchasing an additional 43,016 shares during the period.
About Sally Beauty
(
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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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