Sally Beauty (NYSE:SBH) Stock Price Down 4.8% – Time to Sell?

Sally Beauty Holdings, Inc. (NYSE:SBH) shares fell 4.8% during trading on Friday . The company traded as low as $9.97 and last traded at $9.93. 364,610 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,961,088 shares. The stock had previously closed at $10.42.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SBH shares. DA Davidson increased their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Morgan Stanley dropped their target price on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Canaccord Genuity Group initiated coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Raymond James raised shares of 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 four have given a buy rating to the company. Based on data from MarketBeat, Sally Beauty has an average rating of “Hold” and a consensus target price of $13.20.

Sally Beauty Stock Performance

The firm has a 50 day moving average price of $11.53 and a 200-day moving average price of $12.21. The stock has a market capitalization of $991.90 million, a PE ratio of 6.77 and a beta of 1.55. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last announced 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 company 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%. Sally Beauty’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. Research analysts expect that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 transaction of $195,615.00. Following the transaction, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. This represents a 24.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $242,433.05. This trade represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Institutional Trading of Sally Beauty

Several institutional investors have recently modified their holdings of SBH. Quarry LP boosted its stake in Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after buying an additional 2,345 shares in the last quarter. R Squared Ltd acquired a new position in shares of Sally Beauty during the fourth quarter worth about $56,000. KBC Group NV grew its position in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after acquiring an additional 2,764 shares during the period. Point72 DIFC Ltd bought a new stake in Sally Beauty in the 3rd quarter valued at $64,000. Finally, nVerses Capital LLC acquired a new stake in Sally Beauty during the third quarter worth approximately $94,000.

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