Sally Beauty (NYSE:SBH) Stock Price Down 2.2% – Should You Sell?

Sally Beauty Holdings, Inc. (NYSE:SBH) shares were down 2.2% during mid-day trading on Friday . The company traded as low as $11.60 and last traded at $11.60. Approximately 453,421 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 1,427,842 shares. The stock had previously closed at $11.86.

Analyst Upgrades and Downgrades

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

Sally Beauty Stock Performance

The business’s fifty day moving average price is $13.01 and its 200-day moving average price is $12.22. The stock has a market capitalization of $1.19 billion, a PE ratio of 8.10 and a beta of 1.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $0.42 EPS. As a group, equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

Insider Activity

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the company’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 directly owns 42,431 shares in the company, valued at approximately $614,825.19. This represents a 24.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction dated 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 directly owns 16,685 shares in the company, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Sally Beauty by 0.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after buying an additional 10,016 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sally Beauty by 34.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after buying an additional 833,720 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Sally Beauty by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock worth $34,551,000 after acquiring an additional 80,712 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Sally Beauty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after acquiring an additional 43,016 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.