As of Friday close, Sally Beauty Holdings Inc.’s (NYSE:SBH) stock was up $0.08, moving up 0.97 percent to $8.34. The average number of shares traded per day over the past five days has been 2,734,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.80 fall in that time frame. In the last twenty days, the average volume was 2,151,050, while in the previous 50 days, it was 1,826,104.
Since last month, SBH stock retreated -12.94%. Shares of the company fell to $8.23 on 09/22/23, the lowest level in the past month. A 52-week high of $18.42 was reached on 02/02/23 after having rallying from a 52-week low of $8.24. Since the beginning of this year, SBH’s stock price has dropped by -33.39% or -$4.18, and marked a new high 12 times. However, the stock has declined by -54.72% since its 52-week high.
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SBH stock investors should be aware that Sally Beauty Holdings Inc. (SBH) stock had its last reported insider trading activity 219 days ago on Feb 16. Spinks Mark Gregory, the of the company, disposed of 35,456 shares for $17.18 on Feb 16. It resulted in a $609,134 divestment by the insider.
Valuation Metrics
Right now, Sally Beauty Holdings Inc. (SBH) has a P/E ratio of about 5.59. The stock’s beta is 1.38. Besides these, the trailing price-to-sales (P/S) ratio of 0.25, the price-to-book (PB) ratio of 1.84, and the price-to-cash flow ratio of 6.48 may also be considered.
Financial Health
In the three months ended June 29, Sally Beauty Holdings Inc.’s quick ratio stood at 0.40, while its current ratio was 2.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.18, and the total debt-to-equity ratio was 2.22. On the profitability front, the trailing twelve-month gross margin is 50.10% percent. In the year ended June 29, EBITDA margin amounted to 12.19%, whereas operating margins totaled 7.60%. Based on annual data, SBH earned $1.92 billion in gross profit and brought in $3.82 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.00%. Return on equity (ROE) for the past 12 months was 41.30%.
In Sally Beauty Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $1.06 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SBH’s revenue fell -3.31% to $918.71 million during the quarter, while net income inched up to $930.71 million. While analysts expected Sally Beauty Holdings Inc. to report $0.49 quarterly earnings, the actual figure was $0.49 per share. During the quarter, the company generated $116.24 million in EBITDA. The liabilities of Sally Beauty Holdings Inc. were 2.19 billion at the end of its most recent quarter ended June 29, and its total debt was $1.69 billion. The value of shareholders’ equity is $107.77 million.
Technical Picture
This quick technical analysis looks at Sally Beauty Holdings Inc.’s (SBH) price momentum. With a historical volatility rate of 25.65%, the RSI 9-day stood at 23.23% on 22 September.
With respect to its five-day moving average, the current Sally Beauty Holdings Inc. price is down by -8.75% percent or -$0.80. At present, SBH shares trade -12.94% below its 20-day simple moving average and -40.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.38% below its SMA50 and -26.33% below its SMA200.
Stochastic coefficient K was 2.94% and Stochastic coefficient D was 3.00%, while ATR was 0.37. Given the Stochastic reading of 5.15% for the 14-day period, the RSI (14) reading has been calculated as 27.27%. As of today, the MACD Oscillator reading stands at -0.57, while the 14-day reading stands at -0.82.
Analyst Ratings
Piper Sandler launched its rating on Sally Beauty Holdings Inc. (NYSE: SBH) to an Overweight in a note to investors on December 15, 2022. Sally Beauty Holdings Inc. (SBH) has been rated Hold by analysts. According to 2 brokerage firms, SBH is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sally Beauty Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $10.00 – $15.00. Based on these forecasts, analysts predict Sally Beauty Holdings Inc. (SBH) will achieve an average price target of $12.60.
