Sally Beauty (NYSE:SBH) Reaches New 12-Month High – Should You Buy?

Sally Beauty Holdings, Inc. (NYSE:SBH) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.79 and last traded at $14.35, with a volume of 738879 shares trading hands. The stock had previously closed at $14.22.

Analyst Ratings Changes

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

Sally Beauty Stock Down 0.6 %

The stock has a market capitalization of $1.44 billion, a PE ratio of 9.82 and a beta of 1.53. 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 business’s fifty day moving average price is $13.10 and its two-hundred day moving average price is $12.03.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling at Sally Beauty

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now directly owns 42,431 shares in the company, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sally Beauty

Hedge funds have recently modified their holdings of the company. Foundry Partners LLC purchased a new stake in shares of Sally Beauty during the 2nd quarter worth about $535,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Sally Beauty during the 3rd quarter worth about $771,000. Maverick Capital Ltd. raised its position in shares of Sally Beauty by 141.3% during the 2nd quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock worth $2,816,000 after purchasing an additional 153,707 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Sally Beauty by 120.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock worth $1,079,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in shares of Sally Beauty during the 2nd quarter worth about $559,000.

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.