Diana Sue Ferguson Purchases 2,500 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) 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 company's stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $12.02 per share, with a total value of $30,050.00. Following the completion of the transaction, the director owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sally Beauty Stock Performance

SBH traded up $0.43 during trading on Monday, reaching $12.11. 898,134 shares of the company's stock were exchanged, compared to its average volume of 2,113,265. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.41 and a quick ratio of 0.49. The stock has a market capitalization of $1.20 billion, a P/E ratio of 6.51 and a beta of 1.30. The company's fifty day simple moving average is $9.65 and its 200-day simple moving average is $9.22.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The firm had revenue of $933.31 million during the quarter, compared to analyst estimates of $928.78 million. During the same period in the previous year, the firm earned $0.45 EPS. The business's quarterly revenue was down 1.0% on a year-over-year basis. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Institutional Trading of Sally Beauty

Several institutional investors and hedge funds have recently bought and sold shares of SBH. Vanguard Group Inc. raised its stake in Sally Beauty by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer's stock worth $117,164,000 after acquiring an additional 546,267 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sally Beauty by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock valued at $42,316,000 after purchasing an additional 459,972 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Sally Beauty by 5.6% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer's stock valued at $42,037,000 after purchasing an additional 214,108 shares in the last quarter. Victory Capital Management Inc. increased its position in Sally Beauty by 9.3% during the 1st quarter. Victory Capital Management Inc. now owns 4,013,531 shares of the specialty retailer's stock worth $36,242,000 after purchasing an additional 342,225 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Sally Beauty by 10.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,868,855 shares of the specialty retailer's stock worth $25,906,000 after purchasing an additional 263,269 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group increased their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $12.88.

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.

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