Sally Beauty (NYSE:SBH) Shares Down 2.2% – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and raised their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. DA Davidson increased their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. 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. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.50.

Sally Beauty Stock Performance

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 company has a market cap of $1.18 billion, a PE ratio of 8.02 and a beta of 1.51. The business’s 50-day moving average is $12.99 and its 200 day moving average is $12.22.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm 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 company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling at Sally Beauty

In related news, 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 sale, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Sally Beauty

Large investors have recently made changes to their positions in the business. Quarry LP lifted its stake in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,345 shares during the period. Point72 DIFC Ltd bought a new position in Sally Beauty in the 3rd quarter worth $64,000. Quest Partners LLC lifted its position in shares of Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares during the period. nVerses Capital LLC purchased a new stake in shares of Sally Beauty in the 3rd quarter worth about $94,000. Finally, Algert Global LLC bought a new stake in shares of Sally Beauty during the 2nd quarter valued at about $113,000.

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.