Sally Beauty (NYSE:SBH) Trading Up 6.9%

Sally Beauty Holdings, Inc. (NYSE:SBH) was up 6.9% during trading on Thursday . The company traded as high as $9.79 and last traded at $9.29. Approximately 8,428,775 shares traded hands during trading, an increase of 326% from the average daily volume of 1,976,626 shares. The stock had previously closed at $8.69.

A number of research analysts have recently commented on SBH shares. Oppenheimer started coverage on Sally Beauty in a research report on Monday, August 3rd. They set a “buy” rating and a $19.00 price target on the stock. TheStreet raised Sally Beauty from a “d+” rating to a “c-” rating in a research report on Thursday, June 11th. Finally, ValuEngine lowered Sally Beauty from a “sell” rating to a “strong sell” rating in a research report on Monday, June 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $11.83.

The company has a fifty day moving average price of $11.34 and a 200-day moving average price of $11.28. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 717.80. The stock has a market capitalization of $1.05 billion, a P/E ratio of 10.07, a PEG ratio of 2.33 and a beta of 1.14.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, July 30th. The specialty retailer reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.06). Sally Beauty had a negative return on equity of 305.73% and a net margin of 3.18%. The company had revenue of $705.29 million for the quarter, compared to the consensus estimate of $705.08 million. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 1.14 earnings per share for the current fiscal year.

In related news, CEO Christian A. Brickman acquired 10,000 shares of Sally Beauty stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $12.19 per share, with a total value of $121,900.00. Following the completion of the purchase, the chief executive officer now directly owns 456,741 shares of the company’s stock, valued at approximately $5,567,672.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 21,500 shares of company stock worth $255,955 over the last three months. 2.62% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC lifted its holdings in Sally Beauty by 11.8% during the first quarter. Parametric Portfolio Associates LLC now owns 1,045,409 shares of the specialty retailer’s stock worth $8,447,000 after buying an additional 110,104 shares during the period. NorthRock Partners LLC boosted its stake in shares of Sally Beauty by 506.5% during the 2nd quarter. NorthRock Partners LLC now owns 103,720 shares of the specialty retailer’s stock worth $631,000 after acquiring an additional 86,620 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Sally Beauty by 110.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,059,541 shares of the specialty retailer’s stock worth $13,276,000 after acquiring an additional 556,973 shares in the last quarter. Virtu Financial LLC purchased a new position in Sally Beauty in the 2nd quarter valued at about $190,000. Finally, Advisor Group Holdings Inc. purchased a new position in Sally Beauty in the 1st quarter valued at about $36,000.

Sally Beauty Company Profile (NYSE:SBH)

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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