Sally Beauty Holdings, Inc. (NYSE:SBH) CAO Sells $62,479.00 in Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) CAO Kim Mcintosh sold 4,300 shares of the business’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 transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $14.14 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty Holdings, Inc. has a 1-year low of $9.06 and a 1-year high of $14.79. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.82 and a beta of 1.53. The business has a 50-day moving average of $13.10 and a 200-day moving average of $12.03.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Sally Beauty’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

A number of large investors have recently added to or reduced their stakes in the company. 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. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sally Beauty during the first quarter worth about $64,000. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty in the third quarter worth about $64,000. Quest Partners LLC boosted its holdings in Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 7,243 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Sally Beauty during the 3rd quarter valued at approximately $94,000.

Wall Street Analyst Weigh In

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

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.