Sally Beauty (NYSE:SBH) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.38 and traded as high as $15.04. Sally Beauty shares last traded at $14.8010, with a volume of 1,542,717 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SBH. Weiss Ratings cut shares of Sally Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. TD Cowen reduced their price target on shares of Sally Beauty from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Morgan Stanley dropped their price objective on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sally Beauty presently has a consensus rating of “Hold” and an average price target of $17.00.

Sally Beauty Price Performance

The company has a fifty day simple moving average of $13.37 and a two-hundred day simple moving average of $14.38. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.55 and a current ratio of 2.34. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 8.18 and a beta of 1.02.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Monday, May 11th. The specialty retailer reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $903.38 million during the quarter, compared to the consensus estimate of $901.42 million. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. As a group, research analysts anticipate that Sally Beauty Holdings, Inc. will post 2.06 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.70, for a total transaction of $543,191.70. Following the completion of the transaction, the chief financial officer owned 138,145 shares of the company’s stock, valued at $1,754,441.50. This represents a 23.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sally Beauty

Several hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new position in shares of Sally Beauty in the 3rd quarter worth about $74,842,000. Goldman Sachs Group Inc. grew its holdings in shares of Sally Beauty by 46.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock worth $56,783,000 after purchasing an additional 1,254,125 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Sally Beauty by 1,333.4% during the 4th quarter. Lazard Asset Management LLC now owns 840,539 shares of the specialty retailer’s stock worth $11,986,000 after purchasing an additional 781,901 shares during the period. Millennium Management LLC increased its position in Sally Beauty by 126.7% during the 3rd quarter. Millennium Management LLC now owns 1,058,358 shares of the specialty retailer’s stock worth $17,230,000 after purchasing an additional 591,426 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Sally Beauty during the 1st quarter worth approximately $8,102,000.

About Sally Beauty

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.