Insider Selling: Sally Beauty Holdings, Inc. (NYSE:SBH) Insider Sells 13,500 Shares of Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) insider Scott C. Sherman sold 13,500 shares of the 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 completion of the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sally Beauty Trading Down 0.6 %

Shares of NYSE:SBH opened at $14.14 on Friday. The company’s 50-day moving average price is $13.10 and its two-hundred day moving average price is $12.03. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79. 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 stock has a market capitalization of $1.44 billion, a PE ratio of 9.82 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating the consensus estimate 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%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Trading of Sally Beauty

A number of large investors have recently added to or reduced their stakes in SBH. FMR LLC raised its holdings in shares of Sally Beauty by 2.6% in the 3rd 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 during the period. Victory Capital Management Inc. lifted its position in shares of Sally Beauty by 0.3% in 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 lifted its position in shares of Sally Beauty by 34.0% in the second 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 during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $34,551,000 after acquiring an additional 80,712 shares during the last quarter. Finally, Geode Capital Management LLC raised 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 valued at $32,790,000 after acquiring an additional 43,016 shares during the period.

Wall Street Analysts Forecast Growth

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

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.