Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) CEO Denise Paulonis acquired 4,500 shares of Sally Beauty stock in a transaction on Friday, August 8th. The shares were bought at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the purchase, the chief executive officer directly owned 366,865 shares in the company, valued at $4,306,995.10. The trade was a 1.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sally Beauty Price Performance
Shares of SBH traded up $0.10 during midday trading on Friday, reaching $13.39. The stock had a trading volume of 2,071,563 shares, compared to its average volume of 1,926,097. 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 firm's 50 day moving average price is $10.06 and its 200-day moving average price is $9.31. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79. The company has a market capitalization of $1.32 billion, a P/E ratio of 7.20 and a beta of 1.30.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The business had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The firm's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group raised their price target on shares of Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a research report 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Sally Beauty has a consensus rating of "Hold" and a consensus target price of $12.88.
Read Our Latest Research Report on SBH
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC grew its holdings in shares of Sally Beauty by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 1,735 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Sally Beauty in the second quarter valued at about $34,000. Federated Hermes Inc. lifted its holdings in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after purchasing an additional 2,012 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Sally Beauty by 536.4% during the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 3,304 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock valued at $43,000 after purchasing an additional 4,200 shares in the last quarter.
Sally Beauty Company Profile
(
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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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