Sally Beauty Holdings, Inc. (NYSE:SBH) CFO Aaron E. Alt acquired 2,400 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $20.75 per share, for a total transaction of $49,800.00. Following the purchase, the chief financial officer now directly owns 88,391 shares of the company’s stock, valued at $1,834,113.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sally Beauty stock opened at $20.75 on Wednesday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 1.79 and a beta of 0.19. Sally Beauty Holdings, Inc. has a 1 year low of $13.72 and a 1 year high of $23.61.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $966.00 million for the quarter, compared to analyst estimates of $965.98 million. Sally Beauty had a net margin of 6.56% and a negative return on equity of 82.55%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Equities analysts forecast that Sally Beauty Holdings, Inc. will post 2.2 EPS for the current year.

A number of institutional investors have recently bought and sold shares of SBH. Hartford Investment Management Co. acquired a new position in Sally Beauty in the second quarter worth approximately $197,000. Unigestion Holding SA purchased a new position in Sally Beauty during the 2nd quarter worth approximately $7,103,000. Janney Montgomery Scott LLC grew its position in Sally Beauty by 11.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 46,020 shares of the specialty retailer’s stock worth $738,000 after purchasing an additional 4,605 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Sally Beauty by 66.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 37,102 shares of the specialty retailer’s stock worth $595,000 after purchasing an additional 14,790 shares in the last quarter. Finally, Cardinal Capital Management grew its position in Sally Beauty by 52.1% during the 2nd quarter. Cardinal Capital Management now owns 33,635 shares of the specialty retailer’s stock worth $539,000 after purchasing an additional 11,523 shares in the last quarter.

A number of research firms recently commented on SBH. Zacks Investment Research lowered shares of Sally Beauty from a “buy” rating to a “sell” rating in a research note on Tuesday, October 16th. Jefferies Financial Group set a $14.00 price objective on shares of Sally Beauty and gave the company a “hold” rating in a research note on Thursday, August 2nd. ValuEngine upgraded shares of Sally Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. BMO Capital Markets lowered their price objective on shares of Sally Beauty from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 6th. Finally, Morgan Stanley lowered their price objective on shares of Sally Beauty from $13.50 to $13.00 and set an “underweight” rating on the stock in a research note on Monday, August 6th. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.36.

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Sally Beauty Company Profile

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, beauty sundries, and styling tools for retail customers and salon professionals.

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