Sally Beauty Holdings, Inc. (SBH) Director Buys $90,090.00 in Stock

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.

A number of hedge funds have recently modified their holdings of SBH. Teachers Advisors LLC grew its holdings in Sally Beauty by 1.9% in the 3rd quarter. Teachers Advisors LLC now owns 248,130 shares of the specialty retailer’s stock worth $4,563,000 after buying an additional 4,640 shares in the last quarter. Legal & General Group Plc grew its holdings in Sally Beauty by 4.7% in the 3rd quarter. Legal & General Group Plc now owns 181,204 shares of the specialty retailer’s stock worth $3,332,000 after buying an additional 8,076 shares in the last quarter. Vanguard Group Inc. grew its holdings in Sally Beauty by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,863,736 shares of the specialty retailer’s stock worth $199,784,000 after buying an additional 50,875 shares in the last quarter. Marshall Wace LLP bought a new position in Sally Beauty in the 3rd quarter worth approximately $3,045,000. Finally, Vanguard Group Inc grew its holdings in Sally Beauty by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 10,863,736 shares of the specialty retailer’s stock worth $199,784,000 after buying an additional 50,875 shares in the last quarter.

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.

COPYRIGHT VIOLATION NOTICE: “Sally Beauty Holdings, Inc. (SBH) Director Buys $90,090.00 in Stock” was first reported by Rockland Register and is owned by of Rockland Register. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://rocklandregister.com/2019/05/30/edward-w-rabin-buys-5500-shares-of-sally-beauty-holdings-inc-sbh-stock.html.

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.

Read More: Marijuana Stocks Investing Considerations

Insider Buying and Selling by Quarter for Sally Beauty (NYSE:SBH)

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.