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 the stock in a transaction 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 directly owns 42,431 shares in the company, valued at $614,825.19. The trade was a 24.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sally Beauty Trading Down 0.6 %

Shares of SBH stock opened at $14.14 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The business has a 50-day moving average of $13.09 and a 200 day moving average of $12.02. The stock has a market capitalization of $1.44 billion, a PE ratio of 9.82 and a beta of 1.53. Sally Beauty Holdings, Inc. has a 1-year low of $9.06 and a 1-year high of $14.79.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $935.88 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SBH. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Morgan Stanley raised their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, November 15th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.00 to $16.00 in a research note on Monday. DA Davidson lifted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note 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’s stock. Based on data from MarketBeat, Sally Beauty presently has a consensus rating of “Hold” and an average price target of $13.50.

Hedge Funds Weigh In On Sally Beauty

Hedge funds have recently modified their holdings of the company. Quarry LP boosted its holdings in shares of Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 2,345 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Sally Beauty during the 1st quarter valued at approximately $64,000. Point72 DIFC Ltd purchased a new stake in Sally Beauty in the 3rd quarter worth approximately $64,000. Quest Partners LLC grew 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 buying an additional 7,243 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Sally Beauty during the third 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.