Fidelity Management & Research Co recently announced the acquisition of new stake in Sally Beauty Holdings Inc. (NYSE:SBH). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.21% to 15.71 million shares with purchase of 32656.0 shares. This fresh investment now brings its stake to 14.63% valued currently at $223.49 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.29 million to 11.83 million shares. And AllianceBernstein LP has lifted its position by 7.45% or 0.6 million shares – to 8.61 million shares.
With over 1.37 million Sally Beauty Holdings Inc. (SBH) shares trading Tuesday and a closing price of $11.51 on the day, the dollar volume was approximately $15.81 million. The shares have shown a negative half year performance of -6.35% and its price on 05/23/23 gained nearly 4.07%. Currently, there are 107.45M common shares owned by the public and among those 105.51M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $19.00 and a low of $11.00. The average price target is 24.28% above its recent price level and a downside to the estimated low will see the stock lose -4.64% over that period. But an upside of 39.42% will see the stock hit the forecast high price target while median target price for the stock is $14.50.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 500,691 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 73,832 shares.
The top 3 mutual fund holders in Sally Beauty Holdings Inc. are Fidelity Low Priced Stock Fund, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market ETF. Fidelity Low Priced Stock Fund owns 8.27 million shares of the company’s stock, all valued at over $117.74 million. iShares Core S&P Small Cap ETF sold 11237.0 shares to see its total holdings shrink to 7.77 million shares valued at over $110.62 million and representing 7.24% of the shares outstanding. Vanguard Total Stock Market ETF bought 6340.0 shares to bring its total holdings to over 3.3 million shares at a value of $46.97 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.08% of the shares outstanding.
Shares of Sally Beauty Holdings Inc. (NYSE: SBH) opened at $11.04, down -$0.02 from a prior closing price of $11.06. However, the script later moved the day high at 11.59, up 4.07%. The company’s stock has a 5-day price change of 4.07% and -29.39% over the past three months. SBH shares are trading -8.07% year to date (YTD), with the 12-month market performance down to -12.93% lower. It has a 12-month low price of $10.80 and touched a high of $18.42 over the same period. SBH has an average intraday trading volume of 1.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.45%, -16.45%, and -17.08% respectively.
Institutional ownership of Sally Beauty Holdings Inc. (NYSE: SBH) shares accounts for 110.82% of the company’s 107.45M shares outstanding. Mutual fund holders own 56.32%, while other institutional holders and individual stakeholders account for 70.79% and 38.73% respectively.
It has a market capitalization of $1.29B and a beta (3y monthly) value of 1.33. The stock’s trailing 12-month PE ratio is 7.89, while the earnings-per-share (ttm) stands at $1.46. The company has a PEG of 0.26 and a Quick Ratio of 0.30 with the debt-to-equity ratio at 2.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.16% over the week and 4.72% over the month.
Analysts forecast that Sally Beauty Holdings Inc. (SBH) will achieve an EPS of $0.49 for the current quarter, $0.48 for the next quarter and $2.1 for 2024. The lowest estimate earnings-per-share for the quarter is $0.43 while analysts give the company a high EPS estimate of $0.53. Comparatively, EPS for the current quarter was $0.55 a year ago. Earnings per share for the fiscal year are expected to decrease by -20.80%, and 11.21% over the next financial year. EPS should grow at an annualized rate of 29.90% over the next five years, compared to 1.30% over the past 5-year period.
