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.
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.
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