Sally Beauty Holdings, Inc. (NYSE:SBH) Director Marshall E. Eisenberg acquired 10,000 shares of Sally Beauty stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average price of $11.89 per share, with a total value of $118,900.00. Following the completion of the purchase, the director now directly owns 72,071 shares in the company, valued at approximately $856,924.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE:SBH traded up $0.20 during midday trading on Wednesday, hitting $12.26. 1,685,309 shares of the stock traded hands, compared to its average volume of 1,826,635. The stock has a market capitalization of $1.50 billion, a PE ratio of 5.68, a P/E/G ratio of 1.87 and a beta of 0.44. The business’s 50 day moving average is $12.56 and its two-hundred day moving average is $15.87. Sally Beauty Holdings, Inc. has a one year low of $11.46 and a one year high of $23.61.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $975.20 million during the quarter, compared to the consensus estimate of $986.27 million. Sally Beauty had a net margin of 6.65% and a negative return on equity of 151.31%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Sell-side analysts expect that Sally Beauty Holdings, Inc. will post 2.21 earnings per share for the current year.

Several large investors have recently modified their holdings of SBH. Advisory Services Network LLC lifted its holdings in Sally Beauty by 42.3% during the 2nd quarter. Advisory Services Network LLC now owns 2,396 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 712 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its stake in Sally Beauty by 1.6% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 44,524 shares of the specialty retailer’s stock worth $819,000 after acquiring an additional 718 shares in the last quarter. Royce & Associates LP lifted its stake in Sally Beauty by 40.6% in the 1st quarter. Royce & Associates LP now owns 2,510 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 725 shares in the last quarter. Arizona State Retirement System lifted its stake in Sally Beauty by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 87,515 shares of the specialty retailer’s stock worth $1,167,000 after acquiring an additional 952 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Sally Beauty by 2.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,756 shares of the specialty retailer’s stock worth $650,000 after acquiring an additional 989 shares in the last quarter.

Several research firms have weighed in on SBH. Wells Fargo & Co reissued a “hold” rating on shares of Sally Beauty in a research note on Tuesday, June 25th. ValuEngine downgraded shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Bank of America reissued an “underperform” rating and issued a $13.00 price target (down from $15.00) on shares of Sally Beauty in a research note on Tuesday, June 25th. BMO Capital Markets raised shares of Sally Beauty to a “market perform” rating and set a $17.00 price target for the company in a research note on Friday, May 3rd. Finally, DA Davidson boosted their price target on shares of Sally Beauty from $14.00 to $16.50 and gave the stock an “add” rating in a research note on Tuesday, June 25th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.08.

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

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