Sally Beauty Holdings, Inc. (NYSE:SBH) has a beta value of 1.63 and has seen 1,247,510 shares traded in the recent trading session. The company, currently valued at $2.32 Billion, closed the recent trade at $20.63 per share which meant it gained $0.56 on the day or 2.79% during that session. The SBH stock price is -6.2% off its 52-week high price of $21.91 and 67.28% above the 52-week low of $6.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 895.73 Million shares traded. The 3-month trading volume is 2.03 Million shares.
The consensus among analysts is that Sally Beauty Holdings, Inc. (SBH) is a Hold stock at the moment, with a recommendation rating of 3.1. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 6 out of 7 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.15.
Sally Beauty Holdings, Inc. (NYSE:SBH) trade information
Sporting 2.79% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the SBH stock price touched $20.88- or saw a rise of 1.1%. Year-to-date, Sally Beauty Holdings, Inc. shares have moved 58.36%, while the 5-day performance has seen it change 1.67%. Over the past 30 days, the shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have changed 2.33%. Short interest in the company has seen 14.71 Million shares shorted with days to cover at 7.25.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump -27.29% from the levels at last check today. The projected low price target is $13 while the price target rests at a high of $18. In that case, then, we find that the latest price level in today’s session is -12.75% off the targeted high while a plunge would see the stock lose -36.98% from the levels at last check today.
Sally Beauty Holdings, Inc. (SBH) estimates and forecasts
Figures show that Sally Beauty Holdings, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +137.51% over the past 6 months, with this year growth rate of 39.34%, compared to 14.6% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -34.8% and 500% for the next quarter. Revenue growth from the last financial year stood is estimated to be +3.4%.
6 analysts offering their estimates for the company have set an average revenue estimate of $824.97 Million for the current quarter. 6 have an estimated revenue figure of $903.09 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $871.02 Million for this quarter, and analysts expect sales will grow by -5.3% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -7.8% over the past 5 years. Earnings growth for 2021 is a modest -55.8% while over the next 5 years, the company’s earnings are expected to increase by 29.9%.
Sally Beauty Holdings, Inc. (NYSE:SBH)’s Major holders
Insiders own 1.25% of the company shares, while shares held by institutions stand at 118% with a share float percentage of 119.49%. Investors are also buoyed by the number of investors in a company, with Sally Beauty Holdings, Inc. having a total of 279 institutions that hold shares in the company. The top two institutional holders are ArrowMark Colorado Holdings LLC with over 20.7 Million shares worth more than $269.9 Million. As of December 30, 2020, ArrowMark Colorado Holdings LLC held 18.35% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 17.77 Million shares as of December 30, 2020. The firm’s total holdings are worth over $231.69 Million and represent 15.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Fidelity Low-Priced Stock Fund. As of March 30, 2021, the former fund manager holds about 6.67% shares in the company for having 7519599 shares of worth $151.37 Million while later fund manager owns 6.23 Million shares of worth $94.05 Million as of January 30, 2021, which makes it owner of about 5.52% of company’s outstanding stock.