Sally Beauty Holdings, Inc. (NYSE:SBH) CAO Kim Mcintosh Sells 4,300 Shares of Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction on 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 transaction, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at $242,433.05. This trade represents a 20.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sally Beauty Stock Performance

NYSE:SBH opened at $14.22 on Wednesday. The business’s fifty day moving average is $13.07 and its 200 day moving average is $11.99. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 9.88 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. Sally Beauty Holdings, Inc. has a 52-week low of $9.06 and a 52-week high of $14.64.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $935.88 million. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Research analysts predict that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Sally Beauty

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Sally Beauty during the 2nd quarter valued at $11,796,000. Dimensional Fund Advisors LP grew its position in 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 buying an additional 833,720 shares in the last quarter. Millennium Management LLC increased its stake in Sally Beauty by 945.0% in the 2nd quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock worth $9,099,000 after acquiring an additional 766,815 shares during the last quarter. FMR LLC raised its holdings in shares of Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after acquiring an additional 387,736 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Sally Beauty by 303.7% during the 1st quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock valued at $5,339,000 after acquiring an additional 323,438 shares during 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.