Sally Beauty (NYSE:SBH) SVP Sells 15,500 Shares of Company Stock

Key Points

• SVP Scott Sherman sold 15,500 shares at an average of $18.80, for $291,400. After the sale, he owned 42,085 shares, a 26.92% reduction in his position.
• Sally Beauty reported quarterly EPS of $0.62, beating the $0.60 consensus, and revenue of $952.53 million, slightly above estimates. Revenue increased 0.6% year over year.
• Analyst views were mixed: Canaccord Genuity and TD Cowen raised price targets and maintained Buy ratings, while the overall consensus remained Hold, with an average target of $21.17.

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) SVP Scott Sherman sold 15,500 shares of Sally Beauty stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $18.80, for a total value of $291,400.00. Following the completion of the sale, the senior vice president owned 42,085 shares in the company, valued at $791,198. This represents a 26.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Sally Beauty Trading Up 3.0%

Shares of Sally Beauty stock traded up $0.55 during trading hours on Friday, hitting $18.96. The company's stock had a trading volume of 1,339,558 shares, compared to its average volume of 1,509,149. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 9.34 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.57 and a current ratio of 2.37. Sally Beauty Holdings, Inc. has a twelve month low of $11.54 and a twelve month high of $21.06. The firm has a fifty day moving average of $16.97 and a 200-day moving average of $15.22.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The firm had revenue of $952.53 million during the quarter, compared to the consensus estimate of $950.12 million. Sally Beauty had a return on equity of 24.07% and a net margin of 5.36%. The company's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. Sally Beauty has set its Q1 2027 guidance at 0.480-0.520 EPS and its FY 2027 guidance at 2.200-2.300 EPS. Research analysts forecast that Sally Beauty Holdings, Inc. will post 2.24 EPS for the current year.

Institutional Investors Weigh In On Sally Beauty

A number of institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new position in shares of Sally Beauty in the second quarter valued at approximately $562,000. SummerHaven Investment Management LLC acquired a new position in shares of Sally Beauty in the third quarter valued at approximately $1,172,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Sally Beauty during the 2nd quarter worth approximately $1,727,000. Bank of America Corp DE purchased a new stake in Sally Beauty during the 2nd quarter worth approximately $2,115,000. Finally, Hsbc Holdings PLC purchased a new stake in Sally Beauty during the 1st quarter worth approximately $2,587,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SBH shares. Canaccord Genuity Group increased their target price on shares of Sally Beauty from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday. TD Cowen lifted their price target on shares of Sally Beauty from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Friday. Morgan Stanley boosted their price target on shares of Sally Beauty from $13.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday. Weiss Ratings lowered shares of Sally Beauty from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 30th. Finally, Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sally Beauty has a consensus rating of "Hold" and an average target price of $21.17.

About Sally Beauty

Sally Beauty Holdings, Inc. is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution. The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources. Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.

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