Insider Buying: Sally Beauty Holdings, Inc. (NYSE:SBH) Director Acquires 2,500 Shares of Stock

Key Points

• Director Diana Sue Ferguson purchased 2,500 shares of Sally Beauty stock at $12.02 per share, increasing her ownership by 46.19% to a total of 7,912 shares.
• Sally Beauty reported earnings of $0.51 per share for the last quarter, surpassing the consensus estimate of $0.42, but experienced a 1.0% decline in revenue year-over-year.
• The stock has a market capitalization of $1.20 billion and analysts have a consensus rating of "Hold" with an average target price of $12.88.

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) Director Diana Sue Ferguson purchased 2,500 shares of the stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $12.02 per share, for a total transaction of $30,050.00. Following the completion of the purchase, the director directly owned 7,912 shares in the company, valued at approximately $95,102.24. The trade was a 46.19% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Sally Beauty Stock Performance

Shares of NYSE:SBH traded up $0.10 on Friday, hitting $13.39. The company had a trading volume of 2,071,563 shares, compared to its average volume of 1,926,097. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $14.79. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 7.20 and a beta of 1.30. The stock has a 50 day moving average price of $10.06 and a 200 day moving average price of $9.31. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $933.31 million during the quarter, compared to the consensus estimate of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. Sally Beauty's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. Analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Sally Beauty presently has a consensus rating of "Hold" and an average price target of $12.88.

Institutional Trading of Sally Beauty

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Sally Beauty in the 1st quarter valued at about $309,000. GAMMA Investing LLC boosted its holdings in Sally Beauty by 8,210.4% in the 1st quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer's stock valued at $384,000 after purchasing an additional 42,037 shares during the period. Millennium Management LLC boosted its holdings in Sally Beauty by 1,177.7% in the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock valued at $11,872,000 after purchasing an additional 1,047,199 shares during the period. CenterBook Partners LP boosted its holdings in Sally Beauty by 359.3% in the 1st quarter. CenterBook Partners LP now owns 961,230 shares of the specialty retailer's stock valued at $8,680,000 after purchasing an additional 751,943 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Sally Beauty by 19.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer's stock valued at $3,071,000 after purchasing an additional 47,246 shares during the period.

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.