Sally Beauty (NYSE:SBH) Stock Price Down 2.2% - What's Next?

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) shares dropped 2.2% on Friday . The company traded as low as $11.60 and last traded at $11.60. Approximately 453,421 shares changed hands during trading, a decline of 68% from the average daily volume of 1,427,842 shares. The stock had previously closed at $11.86.

Analyst Upgrades and Downgrades

SBH has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the company an "underweight" rating in a research report on Friday, November 15th. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. Raymond James upgraded shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. TD Cowen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating and upped their price target for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Finally, DA Davidson boosted their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $13.50.

Sally Beauty Price Performance

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 price is $13.01 and its 200 day moving average price is $12.22. The company has a market capitalization of $1.18 billion, a P/E ratio of 8.02 and a beta of 1.51.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating 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 firm had revenue of $935.00 million during the quarter, compared to analysts' expectations of $935.88 million. During the same period in the previous year, the firm earned $0.42 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred 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 of the company's stock, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 42,431 shares of the company's stock, valued at $614,825.19. This represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company's stock.

Institutional Trading of Sally Beauty

Institutional investors have recently modified their holdings of the business. Foundry Partners LLC acquired a new position in shares of Sally Beauty in the 2nd quarter worth approximately $535,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Sally Beauty in the third quarter valued at $771,000. Maverick Capital Ltd. boosted its position in Sally Beauty by 141.3% during the second quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer's stock valued at $2,816,000 after acquiring an additional 153,707 shares during the last quarter. FMR LLC grew its holdings in Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock worth $208,928,000 after acquiring an additional 387,736 shares during the period. Finally, Wolverine Asset Management LLC raised its position in shares of Sally Beauty by 120.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer's stock worth $1,079,000 after acquiring an additional 55,000 shares in the last quarter.

About Sally Beauty

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.