Sally Beauty (NYSE:SBH) Shares Down 3.3% – Time to Sell?

Sally Beauty Holdings, Inc. (NYSE:SBH) was down 3.3% during trading on Friday . The stock traded as low as $13.63 and last traded at $13.67. Approximately 153,351 shares were traded during trading, a decline of 89% from the average daily volume of 1,406,705 shares. The stock had previously closed at $14.14.

Wall Street Analysts Forecast Growth

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

Sally Beauty Stock Performance

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 firm has a market capitalization of $1.41 billion, a PE ratio of 9.82 and a beta of 1.53. The stock’s 50 day moving average price is $13.11 and its two-hundred day moving average price is $12.05.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company 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 revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts expect that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

Insider Transactions at Sally Beauty

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $195,615.00. Following the transaction, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Trading of Sally Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in SBH. Franklin Resources Inc. boosted its holdings in Sally Beauty by 5.4% in the third quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock valued at $1,299,000 after acquiring an additional 5,296 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 43,016 shares in the last quarter. Barclays PLC grew its holdings in shares of Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after purchasing an additional 56,879 shares during the period. Quarry LP increased its position 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 purchasing an additional 2,345 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in Sally Beauty in the third quarter valued at approximately $64,000.

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.