Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) CEO Denise Paulonis acquired 4,500 shares of the company's stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the purchase, the chief executive officer directly owned 366,865 shares of the company's stock, valued at approximately $4,306,995.10. This trade represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Sally Beauty Price Performance
NYSE SBH traded up $0.19 during midday trading on Monday, hitting $11.87. The company had a trading volume of 2,414,622 shares, compared to its average volume of 2,119,398. 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 Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The company has a market capitalization of $1.17 billion, a PE ratio of 6.38 and a beta of 1.30. The firm has a 50-day moving average price of $9.65 and a 200-day moving average price of $9.22.
Sally Beauty (NYSE:SBH - Get Free Report) last announced its earnings results 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 company had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. During the same quarter in the prior year, the company earned $0.45 EPS. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sally Beauty
Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Sally Beauty by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 86,371 shares of the specialty retailer's stock worth $903,000 after buying an additional 12,571 shares during the period. Federated Hermes Inc. increased its holdings in 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 during the period. Invesco Ltd. increased its holdings in Sally Beauty by 102.1% during the 4th quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock valued at $14,823,000 after purchasing an additional 716,613 shares during the period. Renaissance Technologies LLC purchased a new position in Sally Beauty during the 4th quarter valued at about $6,746,000. Finally, Martingale Asset Management L P purchased a new position in Sally Beauty during the 4th quarter valued at about $227,000.
Analysts Set New Price Targets
A number of research firms have commented on SBH. Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Canaccord Genuity Group upped their target price on Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.88.
Check Out Our Latest Research Report on Sally Beauty
Sally Beauty Company Profile
(
Get Free Report)
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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