Sally Beauty Holdings, Inc. (NYSE:SBH) Director Edward W. Rabin bought 5,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $16.38 per share, with a total value of $90,090.00. Following the transaction, the director now directly owns 19,732 shares of the company’s stock, valued at $323,210.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE SBH traded down $0.14 on Thursday, hitting $15.25. 1,608,500 shares of the stock traded hands, compared to its average volume of 1,555,749. The stock has a market capitalization of $1.90 billion, a P/E ratio of 7.04, a PEG ratio of 1.88 and a beta of 0.41. Sally Beauty Holdings, Inc. has a twelve month low of $13.72 and a twelve month high of $23.61.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $945.90 million for the quarter, compared to analyst estimates of $964.08 million. Sally Beauty had a negative return on equity of 110.97% and a net margin of 6.28%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, research analysts anticipate that Sally Beauty Holdings, Inc. will post 2.19 EPS for the current fiscal year.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Sally Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. ValuEngine upgraded Sally Beauty from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Bank of America reiterated an “underperform” rating and issued a $16.00 price target (down previously from $19.00) on shares of Sally Beauty in a research note on Thursday, May 2nd. BMO Capital Markets upgraded Sally Beauty to a “market perform” rating and set a $17.00 price target on the stock in a research note on Friday, May 3rd. Finally, DA Davidson cut their price target on Sally Beauty to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Sally Beauty has a consensus rating of “Sell” and an average price target of $16.31.
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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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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