Sally Beauty (NYSE:SBH) Reaches New 12-Month High – Should You Buy?

Sally Beauty Holdings, Inc. (NYSE:SBH) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $14.79 and last traded at $14.35, with a volume of 738879 shares traded. The stock had previously closed at $14.22.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SBH shares. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. 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 Sally Beauty from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research report on Monday. DA Davidson upped their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their price target on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.50.

Sally Beauty Price Performance

The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.44 billion, a PE ratio of 9.82 and a beta of 1.53. The firm has a 50 day moving average price of $13.10 and a 200 day moving average price of $12.03.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Sally Beauty’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

Insider Buying and Selling at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Sally Beauty

Several large investors have recently made changes to their positions in SBH. Quarry LP grew its position in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,345 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sally Beauty in the first quarter valued at approximately $64,000. Point72 DIFC Ltd purchased a new stake in shares of Sally Beauty in the third quarter valued at approximately $64,000. Quest Partners LLC boosted its holdings in shares of Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 7,243 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Sally Beauty in the third quarter valued at approximately $94,000.

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.