An issue of Sally Beauty Holdings, Inc. (NYSE:SBH) debt rose 1.5% against its face value during trading on Thursday. The debt issue has a 5.625% coupon and will mature on December 1, 2025. The bonds in the issue are now trading at $100.00 and were trading at $100.02 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several brokerages have commented on SBH. Zacks Investment Research lowered shares of Sally Beauty from a “hold” rating to a “sell” rating in a report on Saturday, November 18th. BMO Capital Markets lowered their target price on shares of Sally Beauty from $21.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, November 15th. Buckingham Research lowered their target price on shares of Sally Beauty from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday. ValuEngine lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Bank of America lowered their target price on shares of Sally Beauty from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Sally Beauty currently has a consensus rating of “Hold” and an average price target of $18.27.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) traded up $0.35 on Friday, hitting $16.97. 4,840,000 shares of the company traded hands, compared to its average volume of 2,210,000. The company has a market capitalization of $2,200.00, a P/E ratio of 9.38, a P/E/G ratio of 1.60 and a beta of 0.42. The company has a quick ratio of 0.42, a current ratio of 1.97 and a debt-to-equity ratio of -5.17. Sally Beauty Holdings, Inc. has a 12 month low of $14.05 and a 12 month high of $23.83.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.26. The company had revenue of $994.96 million during the quarter, compared to the consensus estimate of $990.18 million. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. equities analysts predict that Sally Beauty Holdings, Inc. will post 1.97 earnings per share for the current fiscal year.

In other news, Director Edward W. Rabin purchased 3,750 shares of Sally Beauty stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, with a total value of $58,087.50. Following the completion of the transaction, the director now directly owns 14,351 shares of the company’s stock, valued at $222,296.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SBH. Alliancebernstein L.P. increased its position in shares of Sally Beauty by 0.6% during the second quarter. Alliancebernstein L.P. now owns 88,272 shares of the specialty retailer’s stock valued at $1,788,000 after acquiring an additional 490 shares in the last quarter. Teachers Advisors LLC grew its position in Sally Beauty by 12.0% in the 2nd quarter. Teachers Advisors LLC now owns 162,023 shares of the specialty retailer’s stock worth $3,281,000 after purchasing an additional 17,413 shares during the period. Northern Trust Corp grew its position in Sally Beauty by 6.6% in the 2nd quarter. Northern Trust Corp now owns 1,441,556 shares of the specialty retailer’s stock worth $29,191,000 after purchasing an additional 89,154 shares during the period. M&T Bank Corp grew its position in Sally Beauty by 0.6% in the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 65 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Sally Beauty by 14.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 479,246 shares of the specialty retailer’s stock worth $9,705,000 after purchasing an additional 59,027 shares during the period.

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About Sally Beauty

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.

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