Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.97 and last traded at $14.94, with a volume of 184115 shares changing hands. The stock had previously closed at $14.63.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SBH. Cowen reissued a "buy" rating on shares of Sally Beauty in a research report on Thursday, September 4th. Canaccord Genuity Group boosted their price objective on shares of Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Zacks Research upgraded Sally Beauty from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. Finally, TD Cowen increased their price objective on Sally Beauty from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $12.88.
View Our Latest Analysis on Sally Beauty
Sally Beauty Price Performance
The company has a market capitalization of $1.49 billion, a P/E ratio of 8.12 and a beta of 1.38. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16. The firm has a fifty day moving average of $11.82 and a 200 day moving average of $9.80.
Sally Beauty (NYSE:SBH - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping 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 business had revenue of $933.31 million for the quarter, compared to analysts' expectations of $928.78 million. During the same period last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.
Insider Transactions at Sally Beauty
In other Sally Beauty news, Director Diana Sue Ferguson acquired 2,500 shares of the stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $12.02 per share, for a total transaction of $30,050.00. Following the purchase, the director directly owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Denise Paulonis acquired 4,500 shares of the stock in a transaction dated Friday, August 8th. The shares were bought at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the transaction, the chief executive officer owned 366,865 shares in the company, valued at approximately $4,306,995.10. This represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 10,500 shares of company stock worth $132,125 in the last quarter. Company insiders own 1.56% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. increased its stake in Sally Beauty by 1,365.0% in the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 2,730 shares during the period. State of Wyoming increased its stake in shares of Sally Beauty by 6.8% during the second quarter. State of Wyoming now owns 71,736 shares of the specialty retailer's stock valued at $664,000 after buying an additional 4,570 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Sally Beauty by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 343,983 shares of the specialty retailer's stock valued at $3,185,000 after buying an additional 20,665 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Sally Beauty by 5.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 118,165 shares of the specialty retailer's stock valued at $1,097,000 after buying an additional 6,289 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Sally Beauty by 48.3% during the second quarter. Tower Research Capital LLC TRC now owns 13,570 shares of the specialty retailer's stock valued at $126,000 after buying an additional 4,418 shares during the period.
About Sally Beauty
(
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.
Further Reading
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