Sally Beauty (NYSE:SBH) SVP Sells $1,000,000.00 in Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) SVP John Howard Goss, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $20.00, for a total value of $1,000,000.00. Following the completion of the transaction, the senior vice president directly owned 65,484 shares of the company’s stock, valued at $1,309,680. This trade represents a 43.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sally Beauty Stock Down 4.1%

Sally Beauty stock traded down $0.79 during mid-day trading on Thursday, hitting $18.43. The company had a trading volume of 1,682,275 shares, compared to its average volume of 1,509,927. The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.88. Sally Beauty Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $21.06. The business has a fifty day moving average of $16.93 and a 200 day moving average of $15.20. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 9.08 and a beta of 1.09.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Tuesday, November 10th. The specialty retailer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Sally Beauty had a net margin of 5.36% and a return on equity of 24.07%. The business had revenue of $952.53 million during the quarter, compared to the consensus estimate of $950.12 million. During the same quarter in the previous year, the firm earned $0.55 EPS. The company’s revenue was up .6% compared to the same quarter last year. Sally Beauty has set its Q1 2027 guidance at 0.480-0.520 EPS and its FY 2027 guidance at 2.200-2.300 EPS. On average, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 2.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Sally Beauty in the 2nd quarter valued at $223,172,000. Dimensional Fund Advisors LP boosted its stake in Sally Beauty by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock worth $81,323,000 after purchasing an additional 202,020 shares during the period. Public Sector Pension Investment Board boosted its stake in Sally Beauty by 19.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 680,062 shares of the specialty retailer’s stock worth $10,854,000 after purchasing an additional 111,464 shares during the period. Access Investment Management LLC boosted its stake in Sally Beauty by 1.3% during the 3rd quarter. Access Investment Management LLC now owns 574,104 shares of the specialty retailer’s stock worth $9,427,000 after purchasing an additional 7,380 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Sally Beauty during the 2nd quarter worth $9,347,000.

Sally Beauty News Roundup

These are some of the SBH news items that stood out recently:

• Positive Sentiment: Canaccord Genuity raised its price target to $25 from $20 and maintained a Buy rating, signaling greater upside in its view. Canaccord Genuity Group ratings
• Positive Sentiment: Longer-term growth indicators included 10% full-year e-commerce sales growth and expansion of the Sally Ignited format to 80 stores. Sally Beauty: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: After the post-earnings rally pushed SBH to a new 52-week high, profit-taking sent shares lower, suggesting investors may be locking in gains despite the earnings beat. Profit-taking sends Sally Beauty lower

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Raymond James Financial set a $18.00 price objective on Sally Beauty and gave the stock an “outperform” rating in a report on Tuesday. Jefferies Financial Group set a $21.00 target price on Sally Beauty and gave the stock a “hold” rating in a research report on Wednesday. Canaccord Genuity Group boosted their target price on Sally Beauty from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday. Finally, TD Cowen started coverage on Sally Beauty in a report on Friday, October 30th. They issued a “strong-buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.40.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc. is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution. The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources. Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.