Insider Selling: Sally Beauty Holdings, Inc. (NYSE:SBH) CAO Sells 4,300 Shares of Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the transaction, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sally Beauty Price Performance

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 one year low of $9.06 and a one year high of $14.64. The business’s 50 day simple moving average is $13.07 and its two-hundred day simple moving average is $11.99. The stock 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 issued its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $935.00 million for 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 firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. Analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Sally Beauty

A number of institutional investors have recently modified their holdings of the company. Foundry Partners LLC bought a new position in Sally Beauty during the 2nd quarter valued at approximately $535,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Sally Beauty during the third quarter valued at approximately $771,000. Lazard Asset Management LLC raised its holdings in shares of Sally Beauty by 303.7% during the first quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock valued at $5,339,000 after acquiring an additional 323,438 shares in the last quarter. Maverick Capital Ltd. lifted its stake in Sally Beauty by 141.3% in the second quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock worth $2,816,000 after acquiring an additional 153,707 shares during the period. Finally, Wolverine Asset Management LLC boosted its holdings in Sally Beauty by 120.7% in the second quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock valued at $1,079,000 after acquiring an additional 55,000 shares in the last quarter.

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.