Insider Buying: Sally Beauty (NYSE:SBH) Director Acquires 3,500 Shares of Stock

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 Rangel bought 3,500 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were acquired at an average cost of $14.07 per share, for a total transaction of $49,245.00. Following the purchase, the director owned 3,500 shares of the company's stock, valued at approximately $49,245. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sally Beauty Trading Up 0.8%

NYSE:SBH traded up $0.12 during midday trading on Monday, hitting $14.63. The stock had a trading volume of 258,749 shares, compared to its average volume of 2,131,028. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.86 and a beta of 1.38. The stock has a 50-day moving average of $11.53 and a 200 day moving average of $9.70. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16.

Sally Beauty (NYSE:SBH - Get Free Report) last issued 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 return on equity of 28.11% and a net margin of 5.26%.The firm had revenue of $933.31 million during the quarter, compared to analyst estimates of $928.78 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sally Beauty by 2,768.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,220,160 shares of the specialty retailer's stock valued at $11,299,000 after purchasing an additional 1,177,626 shares during the last quarter. Invenomic Capital Management LP boosted its holdings in shares of Sally Beauty by 160.3% in the 1st quarter. Invenomic Capital Management LP now owns 1,889,310 shares of the specialty retailer's stock valued at $17,060,000 after purchasing an additional 1,163,619 shares during the last quarter. Millennium Management LLC raised its stake in shares of 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 acquiring an additional 1,047,199 shares during the period. Nuveen LLC purchased a new position in shares of Sally Beauty in the 1st quarter valued at $8,600,000. Finally, Ranmore Fund Management Ltd raised its stake in shares of Sally Beauty by 54.6% in the 2nd quarter. Ranmore Fund Management Ltd now owns 2,196,020 shares of the specialty retailer's stock valued at $20,335,000 after acquiring an additional 776,020 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Cowen restated a "buy" rating on shares of Sally Beauty in a research report on Thursday. Canaccord Genuity Group raised their target price 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. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, TD Cowen lifted their price target on shares of Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Sally Beauty currently has an average 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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