Sally Beauty Holdings Inc (NYSE: SBH) is 2.26% higher on its value in year-to-date trading and has touched a low of $7.21 and a high of $13.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SBH stock was last observed hovering at around $12.95 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $13.58, the stock is 4.58% and 10.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 4.86% at the moment leaves the stock 14.33% off its SMA200. SBH registered 70.18% gain for a year compared to 6-month gain of 24.70%. The firm has a 50-day simple moving average (SMA 50) of $12.2998 and a 200-day simple moving average (SMA200) of $11.8824.
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The stock witnessed a 10.32% loss in the last 1 month and extending the period to 3 months gives it a 26.09%, and is 1.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.27% over the week and 3.43% over the month.
Sally Beauty Holdings Inc (SBH) has around 27000 employees, a market worth around $1.39B and $3.70B in sales. Current P/E ratio is 9.89 and Fwd P/E is 7.63. Profit margin for the company is 3.99%. Distance from 52-week low is 88.35% and -2.62% from its 52-week high. The company has generated returns on investments over the last 12 months (7.35%).
with sales reaching $935.78M over the same period.The EPS is expected to shrink by -9.16% this year, but quarterly earnings will post -0.30% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.
Sally Beauty Holdings Inc (SBH) Top Institutional Holders
335.0 institutions hold shares in Sally Beauty Holdings Inc (SBH), with institutional investors hold 120.83% of the company’s shares. The shares outstanding are 106.27M, and float is at 102.08M with Short Float at 15.57%. Institutions hold 119.01% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.29 million shares valued at $174.82 million. The investor’s holdings represent 15.6244% of the SBH Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 15.01 million shares valued at $161.04 million to account for 14.3932 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 12.28 million shares representing 11.7751% and valued at over $131.75 million, while STATE STREET CORP holds 4.2811 of the shares totaling 4.46 million with a market value of $47.9 million.
Sally Beauty Holdings Inc (SBH) Insider Activity
The most recent transaction is an insider sale by Sherman Scott C. SEC filings show that Sherman Scott C sold 10,000 shares of the company’s common stock on Feb 22 ’24 at a price of $12.95 per share for a total of $0.13 million. Following the sale, the insider now owns 35014.0 shares.
Sally Beauty Holdings Inc disclosed in a document filed with the SEC on Dec 12 ’23 that Paulonis Denise (President & CEO) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Dec 12 ’23 and was made at $11.29 per share for $45160.0. Following the transaction, the insider now directly holds 0.17 million shares of the SBH stock.
