Sally Beauty (NYSE:SBH) Shares Down 4.8% - Should You Sell?

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) traded down 4.8% during mid-day trading on Friday . The company traded as low as $9.97 and last traded at $9.93. 364,610 shares were traded during trading, a decline of 81% from the average session volume of 1,961,088 shares. The stock had previously closed at $10.42.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SBH shares. Canaccord Genuity Group began coverage on Sally Beauty in a research note on Thursday, January 16th. They set a "buy" rating and a $14.00 price target for the company. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, November 23rd. DA Davidson boosted their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. TD Cowen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating and increased their price target for the company from $14.00 to $16.00 in a report on Monday, November 25th. Finally, Morgan Stanley decreased their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Sally Beauty has a consensus rating of "Hold" and a consensus price target of $13.20.

Sally Beauty Stock Up 0.6 %

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 firm has a market capitalization of $980.70 million, a PE ratio of 6.68 and a beta of 1.55. The firm's 50-day moving average is $11.36 and its 200 day moving average is $12.20.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 earnings per share. As a group, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at $242,433.05. This represents a 20.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott C. Sherman sold 13,500 shares of the firm'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 owns 42,431 shares in the company, valued at approximately $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 currently owned by insiders.

Institutional Investors Weigh In On Sally Beauty

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP boosted its position 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 buying an additional 2,345 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Sally Beauty in the 3rd quarter worth approximately $64,000. R Squared Ltd acquired a new position in shares of Sally Beauty during the fourth quarter valued at $56,000. KBC Group NV grew its position in 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 during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Sally Beauty in the 3rd quarter valued at approximately $94,000.

Sally Beauty Company Profile

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.