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 Sally Beauty stock in a transaction 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 transaction, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. This represents 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 link.

Sally Beauty Stock Performance

Shares of SBH stock opened at $14.14 on Friday. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The stock has a 50 day simple moving average of $13.10 and a 200-day simple moving average of $12.03. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 9.82 and a beta of 1.53. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month 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 (EPS) for the quarter, topping 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%. Sally Beauty’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

Institutional Trading of Sally Beauty

Several large investors have recently modified their holdings of the business. Quarry LP boosted its stake 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 valued at $40,000 after acquiring an additional 2,345 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty during the 3rd quarter worth about $64,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sally Beauty during the first quarter worth about $64,000. nVerses Capital LLC acquired a new position in shares of Sally Beauty in the third quarter valued at approximately $94,000. Finally, Quest Partners LLC lifted its stake in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 7,243 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SBH. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a report on Monday. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Morgan Stanley lifted their price objective 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. Finally, DA Davidson upped their price objective 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 research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average 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.