Kim Mcintosh Sells 4,300 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) 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 completion of the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sally Beauty Trading Up 0.9 %

Shares of Sally Beauty stock traded up $0.13 during trading hours on Tuesday, hitting $14.22. The company’s stock had a trading volume of 3,075,979 shares, compared to its average volume of 1,409,674. The firm has a fifty day moving average of $13.07 and a 200-day moving average of $11.99. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 9.88 and a beta of 1.53. Sally Beauty Holdings, Inc. has a twelve month low of $9.06 and a twelve month high of $14.64.

Sally Beauty (NYSE:SBH) last announced its 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. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. Sally Beauty’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. Research analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current year.

Institutional Trading of Sally Beauty

Several institutional investors have recently added to or reduced their stakes in SBH. Quarry LP lifted its stake in Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,345 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Sally Beauty in the 3rd quarter valued at approximately $64,000. DekaBank Deutsche Girozentrale acquired a new stake in Sally Beauty in the first quarter valued at $64,000. nVerses Capital LLC acquired a new stake in shares of Sally Beauty during the 3rd quarter worth about $94,000. Finally, Quest Partners LLC lifted its position in shares of Sally Beauty by 16,095.6% during 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.

Wall Street Analysts Forecast Growth

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