Insider Buying: Sally Beauty (NYSE:SBH) Director Purchases 3,500 Shares of Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) Director Max Rangel bought 3,500 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was acquired at an average cost of $14.07 per share, for a total transaction of $49,245.00. Following the purchase, the director owned 3,500 shares in the company, valued at approximately $49,245. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sally Beauty Trading Up 0.8%

Shares of SBH stock traded up $0.12 during mid-day trading on Monday, reaching $14.63. The company’s stock had a trading volume of 258,749 shares, compared to its average volume of 2,131,028. The company’s 50 day simple moving average is $11.53 and its 200-day simple moving average is $9.70. Sally Beauty Holdings, Inc. has a 12-month low of $7.54 and a 12-month high of $14.79. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $1.45 billion, a PE ratio of 7.86 and a beta of 1.38.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The firm had revenue of $933.31 million for the quarter, compared to the consensus estimate of $928.78 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. 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 fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on SBH. Wall Street Zen downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Canaccord Genuity Group lifted their price target on shares of Sally Beauty from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. TD Cowen lifted their price target on shares of Sally Beauty from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Cowen reaffirmed a “buy” rating on shares of Sally Beauty in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sally Beauty has a consensus rating of “Hold” and a consensus target price of $12.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its holdings in shares of Sally Beauty by 1,365.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 2,730 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Sally Beauty by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 1,735 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sally Beauty in the 2nd quarter valued at about $34,000. Parallel Advisors LLC boosted its holdings in shares of Sally Beauty by 536.4% in the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 3,304 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Sally Beauty by 820.3% in the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock valued at $43,000 after buying 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.