Sally Beauty Holdings (SBH) Short Interest Up 11.8% in April

Sally Beauty Holdings (NYSE:SBH) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 27,233,251 shares, a growth of 11.8% from the April 13th total of 24,366,212 shares. Based on an average trading volume of 1,543,876 shares, the days-to-cover ratio is currently 17.6 days. Currently, 21.9% of the company’s shares are sold short.

Shares of Sally Beauty opened at $15.39 on Thursday, according to Marketbeat. The company has a debt-to-equity ratio of -5.62, a current ratio of 2.11 and a quick ratio of 0.40. The firm has a market cap of $1.90 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.97 and a beta of 0.33. Sally Beauty has a 1-year low of $15.45 and a 1-year high of $15.96.

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Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, May 3rd. The specialty retailer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $975.30 million for the quarter, compared to analysts’ expectations of $975.33 million. Sally Beauty had a negative return on equity of 73.82% and a net margin of 6.26%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. equities analysts forecast that Sally Beauty will post 2.38 EPS for the current fiscal year.

In other Sally Beauty news, Director Edward W. Rabin acquired 3,300 shares of the business’s stock in a transaction on Monday, May 7th. The shares were bought at an average price of $14.48 per share, with a total value of $47,784.00. Following the transaction, the director now directly owns 14,351 shares of the company’s stock, valued at approximately $207,802.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christian A. Brickman bought 20,000 shares of the stock in a transaction on Monday, May 7th. The stock was purchased at an average price of $14.61 per share, with a total value of $292,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 267,705 shares in the company, valued at approximately $3,911,170.05. The disclosure for this purchase can be found here. Corporate insiders own 1.48% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SBH. Bank of Montreal Can lifted its stake in shares of Sally Beauty by 11.6% during the 4th quarter. Bank of Montreal Can now owns 171,079 shares of the specialty retailer’s stock worth $3,210,000 after purchasing an additional 17,765 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Sally Beauty by 10.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 529,651 shares of the specialty retailer’s stock worth $9,937,000 after purchasing an additional 51,029 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Sally Beauty during the 4th quarter worth $185,000. Clark Estates Inc. NY purchased a new stake in shares of Sally Beauty during the 4th quarter worth $2,626,000. Finally, First Quadrant L P CA lifted its stake in shares of Sally Beauty by 127.9% during the 4th quarter. First Quadrant L P CA now owns 1,021,791 shares of the specialty retailer’s stock worth $19,169,000 after purchasing an additional 573,430 shares during the last quarter.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Sally Beauty from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, January 17th. ValuEngine cut Sally Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. BMO Capital Markets set a $18.00 target price on Sally Beauty and gave the stock a “hold” rating in a report on Thursday, February 8th. Oppenheimer reiterated a “hold” rating on shares of Sally Beauty in a report on Wednesday, January 31st. Finally, DA Davidson lowered their target price on Sally Beauty from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.90.

Sally Beauty Company Profile

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.