Sally Beauty (NYSE:SBH) Director Purchases $49,245.00 in Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) Director Max Rangel purchased 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was bought at an average cost of $14.07 per share, with a total value of $49,245.00. Following the acquisition, the director owned 3,500 shares of the company’s stock, valued at approximately $49,245. The trade was a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $14.64 on Wednesday. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 7.87 and a beta of 1.38. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41. The business’s 50 day moving average price is $11.73 and its 200 day moving average price is $9.77.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The firm had revenue of $933.31 million for the quarter, compared to the consensus estimate of $928.78 million. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. On average, research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on Sally Beauty from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. TD Cowen upped their price objective on Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Cowen reiterated a “buy” rating on shares of Sally Beauty in a report on Thursday, September 4th. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Zacks Research upgraded Sally Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.88.

Institutional Trading of Sally Beauty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SBH. Osaic Holdings Inc. raised its position in Sally Beauty by 1,365.0% in the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 2,730 shares during the period. Golden State Wealth Management LLC raised its position in Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 1,735 shares during the period. Raymond James Financial Inc. purchased a new stake in Sally Beauty in the second quarter valued at approximately $34,000. Parallel Advisors LLC raised its position in Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 3,304 shares during the period. Finally, GAMMA Investing LLC raised its position in Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 4,200 shares during the period.

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