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 firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, the insider now directly owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sally Beauty Price Performance

Sally Beauty stock traded up $0.13 during trading on Tuesday, reaching $14.22. The company had a trading volume of 3,075,979 shares, compared to its average volume of 1,409,674. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The firm’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $11.99. The firm has a market capitalization of $1.45 billion, a PE ratio of 9.86 and a beta of 1.53. Sally Beauty Holdings, Inc. has a 1-year low of $9.06 and a 1-year high of $14.64.

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

Institutional Trading of Sally Beauty

A number of large investors have recently modified their holdings of SBH. Quarry LP increased its position in Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after buying an additional 2,345 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sally Beauty during the 1st quarter worth approximately $64,000. Point72 DIFC Ltd acquired a new stake in Sally Beauty in the 3rd quarter valued at about $64,000. Quest Partners LLC increased its position 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 worth $78,000 after buying an additional 7,243 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Sally Beauty in the third quarter valued at approximately $94,000.

Analysts Set New Price Targets

Several analysts have commented on SBH shares. DA Davidson increased their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.00 in a research note on Monday. Morgan Stanley upped 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. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Sally Beauty currently has an average rating of “Hold” and an average target price of $13.50.

Sally Beauty Company Profile

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.