Sally Beauty (NYSE:SBH) Stock Price Down 5.6% – Time to Sell?

Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price dropped 5.6% on Monday . The company traded as low as $10.22 and last traded at $10.23. Approximately 1,078,537 shares traded hands during trading, a decline of 25% from the average daily volume of 1,440,785 shares. The stock had previously closed at $10.84.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SBH. DA Davidson increased their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Morgan Stanley raised their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. Finally, TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and an average price target of $13.50.

Sally Beauty Stock Up 4.5 %

The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The firm’s 50-day moving average price is $12.75 and its 200 day moving average price is $12.20. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.26 and a beta of 1.51.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. During the same quarter last year, the business posted $0.42 earnings per share. Sally Beauty’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

Insider Buying and Selling at Sally Beauty

In related news, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares of the company’s stock, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Sally Beauty

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in shares of Sally Beauty by 306.7% in the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after buying an additional 257,510 shares during the period. Principal Financial Group Inc. grew its holdings in Sally Beauty by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer’s stock valued at $7,190,000 after purchasing an additional 19,153 shares in the last quarter. DGS Capital Management LLC lifted its holdings in Sally Beauty by 6.0% in the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock worth $618,000 after buying an additional 2,575 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Sally Beauty by 5.4% during the third quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock valued at $1,299,000 after acquiring an additional 5,296 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Sally Beauty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after acquiring an additional 43,016 shares in the last quarter.

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.