Sally Beauty Holdings Insider Unloads $6,969,000 in Stock (SBH)
Sally Beauty Holdings (NYSE:SBH) Insider John R. Golliher sold 252,500 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $27.60, for a total transaction of $6,969,000.00. Following the completion of the sale, the insider now directly owns 55,727 shares in the company, valued at approximately $1,538,065. The sale was disclosed in a document filed with the SEC, which is available at this link.
Sally Beauty Holdings (NYSE:SBH) traded up 0.82% during mid-day trading on Thursday, hitting $28.16. The stock had a trading volume of 1,243,312 shares. Sally Beauty Holdings has a 1-year low of $24.09 and a 1-year high of $31.83. The stock’s 50-day moving average is $25.80 and its 200-day moving average is $26.4. The company has a market cap of $4.369 billion and a P/E ratio of 18.73.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, July 31st. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that Sally Beauty Holdings will post $1.53 EPS 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. 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.25.
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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