Sally Beauty (NYSE:SBH) Stock Price Up 17.4%

Sally Beauty Holdings, Inc. (NYSE:SBH)’s share price rose 17.4% on Wednesday . The company traded as high as $9.20 and last traded at $10.59, approximately 257,680 shares traded hands during mid-day trading. A decline of 92% from the average daily volume of 3,233,004 shares. The stock had previously closed at $9.02.

SBH has been the subject of a number of recent analyst reports. ValuEngine cut Sally Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Morgan Stanley lowered their price target on Sally Beauty from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, March 17th. Wells Fargo & Co lowered their price target on Sally Beauty from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. DA Davidson raised Sally Beauty from an “underperform” rating to a “neutral” rating and set a $15.00 price target for the company in a research report on Tuesday, January 21st. Finally, Zacks Investment Research cut Sally Beauty from a “hold” rating to a “sell” rating and set a $9.50 price target for the company. in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.64.

The stock has a 50-day simple moving average of $11.89 and a 200 day simple moving average of $15.44. The company has a current ratio of 2.00, a quick ratio of 0.33 and a debt-to-equity ratio of 717.80. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 0.90 and a beta of 0.67.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, February 6th. The specialty retailer reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.09). Sally Beauty had a negative return on equity of 376.67% and a net margin of 6.70%. The firm had revenue of $980.21 million for the quarter, compared to analyst estimates of $995.21 million. During the same period in the prior year, the firm posted $0.57 EPS. The business’s revenue was down .9% compared to the same quarter last year. As a group, research analysts forecast that Sally Beauty Holdings, Inc. will post 2.21 EPS for the current fiscal year.

In related news, CEO Christian A. Brickman acquired 7,650 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $12.42 per share, with a total value of $95,013.00. Also, Director Edward W. Rabin acquired 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was bought at an average cost of $13.43 per share, with a total value of $120,870.00. In the last ninety days, insiders have acquired 28,150 shares of company stock valued at $357,508. 2.62% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. lifted its holdings in shares of Sally Beauty by 951.6% in the 4th quarter. Meeder Asset Management Inc. now owns 4,059 shares of the specialty retailer’s stock valued at $74,000 after buying an additional 3,673 shares during the period. Aigen Investment Management LP acquired a new position in shares of Sally Beauty in the 4th quarter valued at about $78,000. Islay Capital Management LLC acquired a new position in shares of Sally Beauty in the 4th quarter valued at about $87,000. Procyon Private Wealth Partners LLC acquired a new position in shares of Sally Beauty in the 4th quarter valued at about $218,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Sally Beauty in the 4th quarter valued at about $240,000.

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.

Featured Story: Most Active Stocks: Dollar Volume vs Share Volume

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.