Sally Beauty (SBH) Debt Trading 2.5% Higher

An issue of Sally Beauty Holdings, Inc. (NYSE:SBH) bonds rose 2.5% against their face value during trading on Thursday. The debt issue has a 5.625% coupon and will mature on December 1, 2025. The bonds in the issue are now trading at $96.75. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its stock price.

Several research firms have recently commented on SBH. DA Davidson boosted their price target on shares of Sally Beauty to $19.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Financial Group set a $15.00 price target on shares of Sally Beauty and gave the company a “sell” rating in a report on Friday. ValuEngine upgraded shares of Sally Beauty from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of Sally Beauty from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Finally, Bank of America boosted their price target on shares of Sally Beauty from $14.00 to $16.00 and gave the company a “sell” rating in a report on Thursday, October 4th. Four research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.36.

NYSE:SBH traded down $0.84 during trading hours on Friday, reaching $21.75. The company’s stock had a trading volume of 5,282,284 shares, compared to its average volume of 2,065,103. The stock has a market capitalization of $2.26 billion, a PE ratio of 9.26, a P/E/G ratio of 1.64 and a beta of 0.19. Sally Beauty Holdings, Inc. has a one year low of $13.72 and a one year high of $23.61.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $966.00 million during the quarter, compared to analysts’ expectations of $965.98 million. Sally Beauty had a net margin of 6.05% and a negative return on equity of 76.04%. Sally Beauty’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 2.12 earnings per share for the current year.

In other Sally Beauty news, CEO Christian A. Brickman acquired 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average cost of $13.90 per share, for a total transaction of $222,400.00. Following the completion of the acquisition, the chief executive officer now owns 278,664 shares of the company’s stock, valued at approximately $3,873,429.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.97% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SBH. Hartford Investment Management Co. bought a new stake in Sally Beauty during the second quarter valued at about $197,000. Unigestion Holding SA bought a new stake in Sally Beauty during the second quarter valued at about $7,103,000. Janney Montgomery Scott LLC boosted its holdings in Sally Beauty by 11.1% during the second quarter. Janney Montgomery Scott LLC now owns 46,020 shares of the specialty retailer’s stock valued at $738,000 after acquiring an additional 4,605 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Sally Beauty by 66.3% during the second quarter. BNP Paribas Arbitrage SA now owns 37,102 shares of the specialty retailer’s stock valued at $595,000 after acquiring an additional 14,790 shares during the period. Finally, Cardinal Capital Management boosted its holdings in Sally Beauty by 52.1% during the second quarter. Cardinal Capital Management now owns 33,635 shares of the specialty retailer’s stock valued at $539,000 after acquiring an additional 11,523 shares during the period.

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Sally Beauty Company Profile (NYSE:SBH)

Sally Beauty Holdings, Inc, together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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