The stock of Sally Beauty Holdings Inc. (NYSE: SBH) decreased by -$0.47 on Wednesday to $10.26, down -4.43 percent. The last five days have seen an average of 1,254,576 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$2.28. The average number of shares traded over the last 20 days was 1,624,654, while the average volume over the last 50 days totaled 1,633,668.
SBH stock dropped -16.69% since last month. On 08/16/23, the company’s shares reached a one-month low of $10.24. The stock touched a high of $18.42 on 02/02/23, after rallying from a low of $10.70 in 52 weeks. The price of SBH stock has declined by -18.09% or -$2.28 this year, reaching a new high 12 times. Still, the stock price is down -44.33% from the 52-week high.
Insider Transactions
SBH stock investors should be aware that Sally Beauty Holdings Inc. (SBH) stock had its last reported insider trading activity 181 days ago on Feb 16. On Feb 16, Spinks Mark Gregory sold 35,456 shares at $17.18 each. This transaction resulted in the insider making $609,134.
Valuation Metrics
Sally Beauty Holdings Inc. (SBH) has a trailing price-to-earnings (P/E) ratio of 6.87. Beta for the stock is 1.34. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 2.26, and the price-to-cash flow ratio of 7.59.
Financial Health
For the three months ended June 29, Sally Beauty Holdings Inc.’s quick ratio was 0.40, while its current ratio was 2.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.18, and the total debt to equity ratio is 2.22. As far as profitability goes, gross margin for the trailing twelve months is 50.10% percent. Sally Beauty Holdings Inc.’s EBITDA margin for the year ended June 29 was 12.19%, whereas its operating margin stood at 7.60% for the same period. Based on annual data, it had gross profit of $1.92 billion and revenue of $3.82 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SBH’s return on assets (ROA) during the last 12 months has been 6.20%. There was a 18.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 41.30%.
Earnings Surprise
According to Sally Beauty Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $930.71 million, while revenues fell by -3.31% to $918.71 million. It was predicted that Sally Beauty Holdings Inc.’s quarterly earnings would be $0.49, but it ended up being $0.49. EBITDA was $116.24 million for the quarter. At the end of Sally Beauty Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 2.19 billion, while its total debt was $1.69 billion. Equity owned by shareholders amounts to $107.77 million.
Technical Picture
Here’s a quick look at Sally Beauty Holdings Inc.’s (SBH) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 23.89%, suggesting the stock is oversold, with a 52.30% historical volatility rate.
The stochastic %K and %D were 3.06% and 5.86% respectively, while the average true range (ATR) was 0.47. Based on the 14-day stochastic reading of 0.23%, the RSI (14) reading is 29.13%. On the 9-day MACD Oscillator, the stock is at -0.52, and the 14-day reading is at -0.79.
Analyst Ratings
In its analyst report released on December 15, 2022, Piper Sandler began covering Sally Beauty Holdings Inc. (NYSE: SBH). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Sally Beauty Holdings Inc. (SBH) an Hold rating. SBH is a stock that is recommended for selling by 2 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is SBH’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $15.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for Sally Beauty Holdings Inc. (SBH) is $12.80.
