Sally Beauty (NYSE:SBH) Reaches New 12-Month Low – Here’s What Happened

Sally Beauty Holdings, Inc. (NYSE:SBH)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $9.00 and last traded at $9.04, with a volume of 917988 shares. The stock had previously closed at $9.32.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SBH shares. TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday. Canaccord Genuity Group started coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target on the stock. Finally, DA Davidson reduced their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.70.

Sally Beauty Trading Down 4.1 %

The business’s fifty day moving average is $10.70 and its 200-day moving average is $12.11. The firm has a market cap of $910.92 million, a P/E ratio of 5.35 and a beta of 1.55. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Insider Activity at Sally Beauty

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the transaction, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the transaction, the insider now owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,345 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 2,012 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Sally Beauty in the 3rd quarter valued at $64,000. R Squared Ltd bought a new stake in shares of Sally Beauty in the 4th quarter valued at $56,000. Finally, KBC Group NV increased its stake in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after acquiring an additional 2,764 shares in the last quarter.

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.