Sally Beauty (NYSE:SBH) Director Max R. Rangel Acquires 3,500 Shares

Key Points

• Max Rangel, a director at Sally Beauty, purchased 3,500 shares of the company at an average price of $14.07, totaling approximately $49,245. This acquisition marks a significant increase in his stake in the company.
• Sally Beauty's stock recently traded at $14.63, showing a yearly low of $7.54 and a high of $14.79, indicating potential volatility in its market performance.
• The company reported an EPS of $0.51 for the last quarter, exceeding analyst expectations and revealing a slight year-over-year revenue decline of 1.0%.

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) Director Max R. Rangel acquired 3,500 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was acquired at an average cost of $14.07 per share, for a total transaction of $49,245.00. Following the transaction, the director owned 3,500 shares of the company's stock, valued at $49,245. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sally Beauty Stock Performance

Shares of NYSE:SBH traded down $0.28 on Friday, hitting $14.98. The company had a trading volume of 2,580,883 shares, compared to its average volume of 2,227,952. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $15.31. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 8.05 and a beta of 1.38. The stock has a 50 day moving average price of $12.02 and a 200 day moving average price of $9.88. 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 released its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 EPS 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 for the quarter, compared to the consensus estimate of $928.78 million. During the same period in the previous year, the company earned $0.45 earnings per share. The company's quarterly revenue was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. Analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SBH. TD Cowen upped their price target on shares of Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Zacks Research upgraded shares of Sally Beauty from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Wall Street Zen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Saturday. Canaccord Genuity Group increased their price objective on shares of Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Cowen reiterated a "buy" rating on shares of Sally Beauty in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Sally Beauty presently has a consensus rating of "Moderate Buy" and an average target price of $12.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Sally Beauty in the first quarter worth about $309,000. Vanguard Group Inc. raised its holdings in Sally Beauty by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer's stock valued at $117,164,000 after buying an additional 546,267 shares during the last quarter. GAMMA Investing LLC raised 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 buying an additional 42,037 shares during the last quarter. Millennium Management LLC grew its position in shares of Sally Beauty by 1,177.7% during the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock worth $11,872,000 after buying an additional 1,047,199 shares during the period. Finally, CenterBook Partners LP grew its position in shares of Sally Beauty by 359.3% during the 1st quarter. CenterBook Partners LP now owns 961,230 shares of the specialty retailer's stock worth $8,680,000 after buying an additional 751,943 shares during the period.

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.