Sally Beauty (NYSE:SBH) Trading 3.7% Higher – Time to Buy?

Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price rose 3.7% on Tuesday . The company traded as high as $10.41 and last traded at $10.37. Approximately 881,923 shares traded hands during trading, a decline of 39% from the average daily volume of 1,446,878 shares. The stock had previously closed at $10.00.

Analyst Ratings Changes

A number of brokerages have issued reports on SBH. DA Davidson boosted their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, Morgan Stanley increased their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

Sally Beauty Price Performance

The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The company’s 50 day simple moving average is $12.79 and its 200 day simple moving average is $12.20. The company has a market capitalization of $1.07 billion, a PE ratio of 7.28 and a beta of 1.51.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the company’s 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 in the company, valued at $242,433.05. This represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Sally Beauty by 306.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after purchasing an additional 257,510 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Sally Beauty by 3.8% in the third quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer’s stock valued at $7,190,000 after buying an additional 19,153 shares in the last quarter. DGS Capital Management LLC raised its stake in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock worth $618,000 after buying an additional 2,575 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Sally Beauty by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock worth $1,299,000 after buying an additional 5,296 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after buying an additional 43,016 shares in the last quarter.

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.