Janna Minton Sells 11,250 Shares of Sally Beauty Holdings, Inc. (SBH) Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) CAO Janna Minton sold 11,250 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $22.88, for a total value of $257,400.00. Following the transaction, the chief accounting officer now owns 26,639 shares in the company, valued at approximately $609,500.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) opened at 23.26 on Monday. Sally Beauty Holdings, Inc. has a 52-week low of $21.51 and a 52-week high of $32.93. The company has a market capitalization of $3.32 billion, a PE ratio of 14.42 and a beta of 0.69. The firm’s 50-day moving average price is $25.04 and its 200 day moving average price is $26.45.

Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by $0.06. Sally Beauty Holdings had a negative return on equity of 82.84% and a net margin of 5.98%. The company earned $999.60 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast that Sally Beauty Holdings, Inc. will post $1.76 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in SBH. FDx Advisors Inc. increased its stake in shares of Sally Beauty Holdings by 14.3% in the second quarter. FDx Advisors Inc. now owns 36,511 shares of the company’s stock valued at $1,074,000 after buying an additional 4,563 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Sally Beauty Holdings by 203.3% in the second quarter. Point72 Asset Management L.P. now owns 3,653,300 shares of the company’s stock valued at $107,444,000 after buying an additional 2,448,900 shares during the last quarter. Landscape Capital Management L.L.C. increased its stake in shares of Sally Beauty Holdings by 334.8% in the second quarter. Landscape Capital Management L.L.C. now owns 97,532 shares of the company’s stock valued at $2,868,000 after buying an additional 75,102 shares during the last quarter. Vulcan Value Partners LLC acquired a new stake in shares of Sally Beauty Holdings during the second quarter valued at $36,673,000. Finally, Jackson Square Partners LLC increased its stake in shares of Sally Beauty Holdings by 16.6% in the second quarter. Jackson Square Partners LLC now owns 9,265,944 shares of the company’s stock valued at $272,511,000 after buying an additional 1,316,415 shares during the last quarter.

A number of brokerages recently issued reports on SBH. B. Riley restated a “neutral” rating and set a $26.00 price target on shares of Sally Beauty Holdings in a report on Saturday. Morgan Stanley reduced their price target on Sally Beauty Holdings to $24.00 in a report on Friday, February 3rd. BMO Capital Markets restated a “market perform” rating and set a $23.00 price target (down previously from $29.00) on shares of Sally Beauty Holdings in a report on Friday, February 3rd. CIBC restated a “market perform” rating on shares of Sally Beauty Holdings in a report on Thursday, February 2nd. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Sally Beauty Holdings in a report on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.09.

Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

5 Day Chart for NYSE:SBH

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