Sally Beauty Holdings, Inc. (NYSE:SBH) Insider Scott C. Sherman Sells 13,500 Shares

Sally Beauty Holdings, Inc. (NYSE:SBH) insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Sally Beauty Stock Up 0.9 %

Shares of Sally Beauty stock opened at $14.22 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty Holdings, Inc. has a 1-year low of $9.06 and a 1-year high of $14.64. The business’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $11.99. The company has a market capitalization of $1.45 billion, a P/E ratio of 9.88 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. As a group, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current year.

Wall Street Analyst Weigh In

SBH has been the subject of several research reports. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a report on Monday. DA Davidson upped their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Morgan Stanley raised their target price on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Sally Beauty has a consensus rating of “Hold” and a consensus target price of $13.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its position in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 2,345 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty in the 1st quarter worth $64,000. Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty in the third quarter valued at $64,000. Quest Partners LLC boosted its stake in Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 7,243 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Sally Beauty during the third quarter worth about $94,000.

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.