Sally Beauty Sees Unusually Large Options Volume (NYSE:SBH)

Sally Beauty Holdings, Inc. (NYSE:SBH) was the recipient of some unusual options trading activity on Thursday. Traders bought 2,542 call options on the company. This is an increase of 689% compared to the average volume of 322 call options.

In related news, Director Susan R. Mulder sold 5,000 shares of the stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $21.01, for a total value of $105,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan R. Mulder sold 2,901 shares of the firm’s stock in a transaction on Thursday, December 9th. The stock was sold at an average price of $21.00, for a total transaction of $60,921.00. The disclosure for this sale can be found here. Insiders sold a total of 15,401 shares of company stock worth $319,171 over the last ninety days. Insiders own 1.74% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new stake in shares of Sally Beauty in the 2nd quarter worth approximately $29,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Sally Beauty by 65.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,001 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 794 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Sally Beauty in the 2nd quarter worth approximately $102,000. Islay Capital Management LLC grew its holdings in shares of Sally Beauty by 24.8% in the 3rd quarter. Islay Capital Management LLC now owns 5,902 shares of the specialty retailer’s stock worth $99,000 after acquiring an additional 1,174 shares during the period. Finally, Pinz Capital Management LP acquired a new stake in Sally Beauty during the 2nd quarter valued at $137,000.

Shares of NYSE SBH opened at $18.13 on Friday. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.67 and a beta of 1.46. Sally Beauty has a 52 week low of $13.20 and a 52 week high of $25.66. The firm has a 50-day moving average price of $19.39 and a 200 day moving average price of $18.70. The company has a quick ratio of 0.77, a current ratio of 2.08 and a debt-to-equity ratio of 4.92.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 11th. The specialty retailer reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The business had revenue of $990.26 million for the quarter, compared to analyst estimates of $971.72 million. Sally Beauty had a return on equity of 148.76% and a net margin of 6.19%. During the same quarter in the previous year, the company earned $0.63 EPS. Equities research analysts expect that Sally Beauty will post 2.59 EPS for the current fiscal year.

Several research analysts have issued reports on SBH shares. Morgan Stanley raised their price objective on shares of Sally Beauty from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, November 15th. Oppenheimer lowered their price objective on shares of Sally Beauty from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, November 4th. Finally, Zacks Investment Research raised shares of Sally Beauty from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, November 16th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $24.20.

About Sally Beauty

Sally Beauty Holdings, Inc is an international retailer and distributor of professional beauty supplies. It operates through the Sally Beauty Supply (SBS) and Beauty Systems Group (BSG) segments. The SBS segment offers domestic and international chain of retail stores and a consumer-facing e-commerce website that offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

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