Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $9.18, but opened at $10.18. Sally Beauty shares last traded at $9.39, with a volume of 542,470 shares trading hands.
Analyst Ratings Changes
SBH has been the subject of several recent research reports. Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a "buy" rating and a $14.00 target price on the stock. DA Davidson lifted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a "hold" rating to a "buy" rating and upped their price objective for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, Morgan Stanley cut their price target on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.20.
View Our Latest Stock Report on SBH
Sally Beauty Trading Down 3.4 %
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 business's 50 day moving average price is $11.04 and its 200-day moving average price is $12.15. The firm has a market cap of $943.51 million, a price-to-earnings ratio of 6.43 and a beta of 1.55.
Sally Beauty (NYSE:SBH - Get Free Report) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current year.
Insider Buying and Selling
In other news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares of the company's stock, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $195,615.00. Following the transaction, the insider now directly owns 42,431 shares in the company, valued at $614,825.19. This trade represents 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 owned by company insiders.
Institutional Trading of Sally Beauty
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. boosted its stake in Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after purchasing an additional 2,012 shares in the last quarter. Quarry LP lifted its holdings in Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock valued at $40,000 after acquiring an additional 2,345 shares during the last quarter. R Squared Ltd bought a new position in shares of Sally Beauty during the 4th quarter valued at about $56,000. KBC Group NV raised its holdings in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Sally Beauty during the third quarter valued at approximately $64,000.
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.
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