An issue of Sally Beauty Holdings, Inc. (NYSE:SBH) debt rose 1.6% against its face value during trading on Tuesday. The debt issue has a 5.625% coupon and is set to mature on December 1, 2025. The bonds in the issue are now trading at $98.50 and were trading at $97.00 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.
Several research firms have recently weighed in on SBH. Wells Fargo & Co set a $18.00 target price on Sally Beauty and gave the company a “hold” rating in a report on Tuesday, February 5th. ValuEngine raised Sally Beauty from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded Sally Beauty from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Citigroup began coverage on Sally Beauty in a research note on Thursday, December 20th. They set an “underweight” rating for the company. Finally, BMO Capital Markets set a $22.00 price objective on Sally Beauty and gave the company a “hold” rating in a research note on Monday, November 19th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.56.
SBH traded down $0.27 on Thursday, hitting $17.87. 1,515,900 shares of the company traded hands, compared to its average volume of 1,915,397. The company has a market cap of $2.19 billion, a PE ratio of 8.27, a P/E/G ratio of 2.16 and a beta of 0.42. Sally Beauty Holdings, Inc. has a 12-month low of $13.72 and a 12-month high of $23.61.
Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Tuesday, February 5th. The specialty retailer reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm had revenue of $989.45 million during the quarter, compared to the consensus estimate of $992.83 million. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Analysts predict that Sally Beauty Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.
In related news, Director Edward W. Rabin acquired 4,500 shares of Sally Beauty stock in a transaction on Thursday, February 7th. The stock was purchased at an average cost of $17.65 per share, with a total value of $79,425.00. Following the purchase, the director now directly owns 19,732 shares in the company, valued at $348,269.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aaron E. Alt acquired 2,700 shares of Sally Beauty stock in a transaction on Thursday, February 14th. The shares were bought at an average cost of $18.66 per share, with a total value of $50,382.00. Following the completion of the purchase, the chief financial officer now owns 91,091 shares in the company, valued at $1,699,758.06. The disclosure for this purchase can be found here. 1.04% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of SBH. FMR LLC raised its stake in shares of Sally Beauty by 17.9% during the 2nd quarter. FMR LLC now owns 15,075,063 shares of the specialty retailer’s stock worth $241,654,000 after buying an additional 2,287,521 shares in the last quarter. Ardevora Asset Management LLP purchased a new position in shares of Sally Beauty during the 4th quarter worth approximately $31,597,000. D. E. Shaw & Co. Inc. grew its holdings in shares of Sally Beauty by 72.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,683,252 shares of the specialty retailer’s stock worth $45,749,000 after acquiring an additional 1,130,288 shares during the period. Bessemer Group Inc. grew its holdings in shares of Sally Beauty by 53,202.7% in the 4th quarter. Bessemer Group Inc. now owns 826,192 shares of the specialty retailer’s stock worth $14,087,000 after acquiring an additional 824,642 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Sally Beauty by 1,585.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 814,427 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 766,117 shares during the period.
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Sally Beauty Company Profile (NYSE:SBH)
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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