Insider Buying: Sally Beauty Holdings, Inc. (NYSE:SBH) Director Purchases 7,000 Shares of Stock

Share on StockTwits

Sally Beauty Holdings, Inc. (NYSE:SBH) Director Edward W. Rabin acquired 7,000 shares of Sally Beauty stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $13.25 per share, with a total value of $92,750.00. Following the transaction, the director now owns 19,732 shares of the company’s stock, valued at approximately $261,449. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE SBH opened at $13.68 on Thursday. The business has a 50 day simple moving average of $12.75. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.46 and a fifty-two week high of $23.61. The stock has a market capitalization of $1.61 billion, a P/E ratio of 6.33, a price-to-earnings-growth ratio of 2.00 and a beta of 0.44.

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

A number of analysts recently commented on SBH shares. ValuEngine cut Sally Beauty from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Zacks Investment Research raised Sally Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. BMO Capital Markets raised Sally Beauty to a “market perform” rating and set a $17.00 price objective for the company in a research note on Friday, May 3rd. Wells Fargo & Co reissued a “hold” rating on shares of Sally Beauty in a research note on Tuesday, June 25th. Finally, DA Davidson increased their price target on Sally Beauty from $14.00 to $16.50 and gave the company an “add” rating in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Sally Beauty currently has an average rating of “Hold” and an average target price of $16.08.

Several large investors have recently made changes to their positions in SBH. Norges Bank purchased a new position in shares of Sally Beauty in the 4th quarter valued at $23,087,000. Champlain Investment Partners LLC boosted its position in shares of Sally Beauty by 13.1% in the 1st quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock worth $155,466,000 after purchasing an additional 976,690 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Sally Beauty by 2,747.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 867,045 shares of the specialty retailer’s stock worth $15,966,000 after purchasing an additional 836,591 shares in the last quarter. Ardevora Asset Management LLP boosted its position in shares of Sally Beauty by 41.5% in the 2nd quarter. Ardevora Asset Management LLP now owns 2,769,200 shares of the specialty retailer’s stock worth $36,941,000 after purchasing an additional 812,700 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Sally Beauty by 47.1% in the 4th quarter. Deutsche Bank AG now owns 1,073,244 shares of the specialty retailer’s stock worth $18,295,000 after purchasing an additional 343,562 shares in the last quarter.

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

Featured Story: Reverse Stock Split

Insider Buying and Selling by Quarter for Sally Beauty (NYSE:SBH)

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

VANGUARD SCOTTS/VANGUARD RUSSELL 20  Shares Acquired by Wells Fargo & Company MN
VANGUARD SCOTTS/VANGUARD RUSSELL 20 Shares Acquired by Wells Fargo & Company MN
$1.41 EPS Expected for Burlington Stores Inc  This Quarter
$1.41 EPS Expected for Burlington Stores Inc This Quarter
$1.79 Billion in Sales Expected for Burlington Stores Inc  This Quarter
$1.79 Billion in Sales Expected for Burlington Stores Inc This Quarter
Public Employees Retirement System of Ohio Has $2.94 Million Holdings in Wyndham Destinations
Public Employees Retirement System of Ohio Has $2.94 Million Holdings in Wyndham Destinations
Public Employees Retirement System of Ohio Buys Shares of 34,182 Guardant Health Inc
Public Employees Retirement System of Ohio Buys Shares of 34,182 Guardant Health Inc
Public Employees Retirement System of Ohio Grows Position in Empire State Realty Trust Inc
Public Employees Retirement System of Ohio Grows Position in Empire State Realty Trust Inc


© 2006-2019 Ticker Report