Sally Beauty Holdings, Inc. (NYSE:SBH) Insider Scott C. Sherman Sells 13,500 Shares

Sally Beauty Holdings, Inc. (NYSE:SBH) insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sally Beauty Stock Up 0.9 %

Shares of Sally Beauty stock opened at $14.22 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. Sally Beauty Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.64. The stock has a 50-day moving average price of $13.07 and a 200 day moving average price of $11.99. The company has a market cap of $1.45 billion, a P/E ratio of 9.88 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. As a group, analysts expect that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Sally Beauty

Several institutional investors and hedge funds have recently modified their holdings of SBH. Russell Investments Group Ltd. boosted its position in Sally Beauty by 51.9% during the first quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock valued at $586,000 after purchasing an additional 16,120 shares during the last quarter. Lazard Asset Management LLC lifted its holdings 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 buying an additional 323,438 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Sally Beauty by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,670 shares of the specialty retailer’s stock valued at $878,000 after buying an additional 3,862 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Sally Beauty by 29.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 17,897 shares of the specialty retailer’s stock worth $222,000 after buying an additional 4,117 shares during the last quarter. Finally, Hancock Whitney Corp bought a new position in Sally Beauty during the first quarter valued at approximately $576,000.

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.