Sally Beauty (NYSE:SBH) Stock: Insider John Howard Goss Jr Sells 50,000 Shares

Sally Beauty Holdings, Inc. (NYSE:SBH) SVP John Howard Goss, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $20.00, for a total transaction of $1,000,000.00. Following the sale, the senior vice president owned 65,484 shares in the company, valued at approximately $1,309,680. This trade represents a 43.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sally Beauty Stock Down 4.1%

Shares of NYSE:SBH traded down $0.79 during trading on Thursday, hitting $18.43. The company’s stock had a trading volume of 1,682,275 shares, compared to its average volume of 1,509,927. The business has a 50 day moving average price of $16.93 and a two-hundred day moving average price of $15.20. The company has a market capitalization of $1.73 billion, a PE ratio of 9.08 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.57 and a current ratio of 2.37. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $21.06.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Tuesday, November 10th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $952.53 million for the quarter, compared to analysts’ expectations of $950.12 million. Sally Beauty had a return on equity of 24.07% and a net margin of 5.36%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. Sally Beauty has set its Q1 2027 guidance at 0.480-0.520 EPS and its FY 2027 guidance at 2.200-2.300 EPS. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 2.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors and hedge funds have recently modified their holdings of SBH. BlackRock Inc. acquired a new stake in Sally Beauty in the second quarter valued at $223,172,000. Bank of New York Mellon Corp acquired a new position in shares of Sally Beauty during the 2nd quarter worth about $9,347,000. Pacer Advisors Inc. acquired a new position in shares of Sally Beauty during the 1st quarter worth about $8,102,000. Empowered Funds LLC acquired a new position in shares of Sally Beauty during the 2nd quarter worth about $7,264,000. Finally, Great Lakes Advisors LLC purchased a new position in shares of Sally Beauty in the 2nd quarter valued at about $4,687,000.

Analysts Set New Price Targets

A number of research firms have issued reports on SBH. Morgan Stanley increased their price target on Sally Beauty from $13.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday. Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Canaccord Genuity Group upped their target price on shares of Sally Beauty from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings cut shares of Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 30th. Finally, Jefferies Financial Group set a $21.00 target price on shares of Sally Beauty and gave the company a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sally Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $20.40.

Latest Sally Beauty News

These are some of the SBH news items that stood out recently:

• Positive Sentiment: Fiscal Q4 adjusted earnings of $0.62 per share topped the $0.60 consensus, while sales of about $953 million slightly exceeded estimates and rose 0.6% year over year. Reports cited cost control and improved operating margins as contributors to the earnings beat. Sally Beauty Q4 Earnings Beat Estimates on Sales Growth & Cost Control
• Positive Sentiment: Canaccord Genuity raised its price target to $25 from $20 and maintained a Buy rating, signaling greater upside in its view. Canaccord Genuity Group ratings
• Positive Sentiment: Longer-term growth indicators included 10% full-year e-commerce sales growth and expansion of the Sally Ignited format to 80 stores. Sally Beauty: 3 Key Takeaways for Long-Term Investors

About Sally Beauty

Sally Beauty Holdings, Inc. is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution. The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources. Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.