Atom Investors LP Buys Shares of 74,863 Sally Beauty Holdings, Inc. (NYSE:SBH)

Atom Investors LP purchased a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the third quarter, Holdings Channel reports. The institutional investor purchased 74,863 shares of the specialty retailer’s stock, valued at approximately $1,016,000.

Several other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sally Beauty in the 1st quarter worth approximately $64,000. Quest Partners LLC lifted its stake in shares of Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares during the last quarter. nVerses Capital LLC bought a new stake in Sally Beauty during the third quarter valued at about $94,000. Algert Global LLC purchased a new position in Sally Beauty in the second quarter valued at about $113,000. Finally, Meeder Asset Management Inc. bought a new position in Sally Beauty in the second quarter worth about $117,000.

Insider Transactions at Sally Beauty

In related news, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was 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 owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. This represents a 24.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and increased their price objective for the company 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. Morgan Stanley boosted their price target on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th. Finally, DA Davidson increased their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sally Beauty currently has an average rating of “Hold” and an average price target of $13.50.

Sally Beauty Trading Down 1.6 %

Shares of Sally Beauty stock opened at $13.71 on Wednesday. The stock has a market cap of $1.40 billion, a PE ratio of 9.52 and a beta of 1.51. The firm has a fifty day moving average price of $13.14 and a 200 day moving average price of $12.10. Sally Beauty Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.79. 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 issued its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 31.37% and a net margin of 4.13%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. Equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

Sally Beauty 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.