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

Sally Beauty Holdings, Inc. (NYSE:SBH) CAO Kim Mcintosh sold 4,300 shares of the 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 transaction, the chief accounting officer now directly owns 16,685 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink.

Sally Beauty Stock Performance

SBH 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. Sally Beauty Holdings, Inc. has a 1-year low of $9.06 and a 1-year high of $14.79. The company has a 50 day simple moving average of $13.09 and a two-hundred day simple moving average of $12.02. The firm has a market cap of $1.44 billion, a P/E ratio of 9.82 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 for the quarter, topping 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 business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. During the same period in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Sally Beauty

Several hedge funds have recently bought and sold shares of SBH. FMR LLC grew its position in shares of Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Sally Beauty by 0.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after buying an additional 10,016 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after buying an additional 833,720 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after buying an additional 80,712 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after acquiring an additional 43,016 shares during the last quarter.

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.