Sally Beauty (NYSE:SBH) SVP John Howard Goss, Jr. Sells 50,000 Shares of Company Stock

Sally Beauty Holdings, Inc. (NYSE:SBH) SVP John Howard Goss, Jr. sold 50,000 shares of Sally Beauty stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $20.00, for a total transaction of $1,000,000.00. Following the sale, the senior vice president owned 65,484 shares in the company, valued at approximately $1,309,680. This represents a 43.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sally Beauty Trading Down 4.1%

SBH opened at $18.43 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.37 and a quick ratio of 0.57. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $21.06. The company’s 50 day moving average price is $16.97 and its two-hundred day moving average price is $15.22. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 9.08 and a beta of 1.09.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Tuesday, November 10th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $952.53 million during the quarter, compared to the consensus estimate of $950.12 million. Sally Beauty had a net margin of 5.36% and a return on equity of 24.07%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. Sally Beauty has set its Q1 2027 guidance at 0.480-0.520 EPS and its FY 2027 guidance at 2.200-2.300 EPS. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 2.24 earnings per share for the current year.

Institutional Trading of Sally Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of Sally Beauty by 18.9% during the 3rd quarter. First Trust Advisors LP now owns 445,387 shares of the specialty retailer’s stock worth $7,313,000 after acquiring an additional 70,677 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Sally Beauty by 19.6% in the third quarter. Public Sector Pension Investment Board now owns 680,062 shares of the specialty retailer’s stock worth $10,854,000 after acquiring an additional 111,464 shares during the period. Global Retirement Partners LLC lifted its position in shares of Sally Beauty by 1,791.2% in the 3rd quarter. Global Retirement Partners LLC now owns 1,721 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 1,630 shares during the period. Royce & Associates LP increased its position in shares of Sally Beauty by 2.4% during the third quarter. Royce & Associates LP now owns 140,289 shares of the specialty retailer’s stock valued at $2,304,000 after buying an additional 3,296 shares during the period. Finally, Maryland State Retirement & Pension System raised its stake in Sally Beauty by 48.7% in the third quarter. Maryland State Retirement & Pension System now owns 20,768 shares of the specialty retailer’s stock worth $341,000 after buying an additional 6,805 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Raymond James Financial set a $18.00 price objective on shares of Sally Beauty and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group set a $21.00 price target on shares of Sally Beauty and gave the company a “hold” rating in a research report on Wednesday. Canaccord Genuity Group upped their price target on Sally Beauty from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen initiated coverage on Sally Beauty in a research note on Friday, October 30th. They set a “strong-buy” rating for the company. Finally, Morgan Stanley boosted their price objective on Sally Beauty from $13.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.40.

Sally Beauty News Roundup

These are some of the SBH news items that stood out recently:

• Positive Sentiment: Canaccord Genuity raised its price target to $25 from $20 and maintained a Buy rating, signaling continued analyst confidence. Canaccord Genuity Group recommendations
• Neutral Sentiment: Morgan Stanley lifted its target to $19 from $13 but kept an Underweight rating, reflecting a more cautious view despite the higher target. Morgan Stanley adjusts price target
• Negative Sentiment: SVP John Howard Goss, Jr. sold 50,000 shares for $1 million, reducing his stake by 43.3%. The sale may raise concerns about insider confidence. SEC filing

Sally Beauty Company Profile

Sally Beauty Holdings, Inc. is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution. The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources. Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.