Sally Beauty Holdings CFO Sells $882,285 in Stock (SBH)
Sally Beauty Holdings (NYSE:SBH) CFO Mark J. Flaherty unloaded 33,921 shares of Sally Beauty Holdings stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $26.01, for a total value of $882,285.21. Following the completion of the transaction, the chief financial officer now directly owns 29,159 shares of the company’s stock, valued at approximately $758,426. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Sally Beauty Holdings (NYSE:SBH) traded down 1.14% on Tuesday, hitting $25.94. 1,059,642 shares of the company’s stock traded hands. Sally Beauty Holdings has a one year low of $24.09 and a one year high of $31.83. The stock’s 50-day moving average is $25.07 and its 200-day moving average is $26.58. The company has a market cap of $4.025 billion and a P/E ratio of 17.60.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $949.30 million for the quarter, compared to the consensus estimate of $946.70 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Sally Beauty Holdings will post $1.54 earnings per share for the current fiscal year.
SBH has been the subject of a number of recent research reports. Analysts at Citigroup Inc. upgraded shares of Sally Beauty Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 29th. Separately, analysts at Zacks upgraded shares of Sally Beauty Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $26.60 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Sally Beauty Holdings in a research note on Tuesday, June 24th. They set an “overweight” rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.32.
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.
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