Short Interest in Sally Beauty Holdings, Inc. (NYSE:SBH) Increases By 8.4%

Sally Beauty Holdings, Inc. (NYSE:SBH) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 23,068,600 shares, an increase of 8.4% from the May 15th total of 21,279,900 shares. Currently, 19.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is presently 14.7 days.

NYSE:SBH traded down $0.12 during mid-day trading on Friday, reaching $12.18. The company’s stock had a trading volume of 2,182,771 shares, compared to its average volume of 2,260,623. Sally Beauty has a 1 year low of $11.46 and a 1 year high of $23.61. The business’s fifty day simple moving average is $13.63. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 1.68 and a beta of 0.42.

Sally Beauty (NYSE:SBH) last announced its earnings results on Wednesday, May 1st. The specialty retailer reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $945.90 million during the quarter, compared to the consensus estimate of $964.08 million. Sally Beauty had a negative return on equity of 110.97% and a net margin of 6.28%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Research analysts predict that Sally Beauty will post 2.18 earnings per share for the current year.

Several research analysts have commented on the stock. BMO Capital Markets set a $66.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, May 3rd. Bank of America reaffirmed an “underperform” rating and set a $1.25 price objective (down from $4.50) on shares of Superior Energy Services in a research note on Tuesday, June 25th. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Wells Fargo & Co reissued a “buy” rating on shares of Allergan in a research note on Tuesday, June 25th. Finally, DA Davidson initiated coverage on shares of WillScot in a research note on Tuesday, June 25th. They set a “buy” rating and a $19.00 target price for the company. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Sally Beauty has an average rating of “Hold” and an average target price of $15.64.

In related news, CEO Christian A. Brickman acquired 10,000 shares of Sally Beauty stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $16.40 per share, for a total transaction of $164,000.00. Following the completion of the transaction, the chief executive officer now directly owns 355,332 shares in the company, valued at approximately $5,827,444.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christian A. Brickman purchased 5,000 shares of Sally Beauty stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average price of $14.93 per share, for a total transaction of $74,650.00. Following the transaction, the chief executive officer now directly owns 360,332 shares of the company’s stock, valued at approximately $5,379,756.76. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 22,000 shares of company stock worth $351,135. Company insiders own 1.04% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SBH. Norges Bank purchased a new stake in Sally Beauty in the fourth quarter valued at approximately $23,087,000. D. E. Shaw & Co. Inc. boosted its position in Sally Beauty by 72.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,683,252 shares of the specialty retailer’s stock valued at $45,749,000 after buying an additional 1,130,288 shares during the last quarter. Champlain Investment Partners LLC boosted its position in Sally Beauty by 13.1% in the first quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock valued at $155,466,000 after buying an additional 976,690 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Sally Beauty by 2,747.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 867,045 shares of the specialty retailer’s stock worth $15,966,000 after purchasing an additional 836,591 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Sally Beauty by 53,202.7% in the 4th quarter. Bessemer Group Inc. now owns 826,192 shares of the specialty retailer’s stock worth $14,087,000 after purchasing an additional 824,642 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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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