Sally Beauty Holdings Inc (NYSE: SBH): Is It A Life-Changing Stock?

In the last trading session, 1.88 million Sally Beauty Holdings Inc (NYSE:SBH) shares changed hands as the company’s beta touched 1.40. With the company’s per share price at $9.46 changed hands at $0.13 or 1.39% during last session, the market valuation stood at $1.02B. SBH’s last price was a discount, traded about -94.71% off its 52-week high of $18.42. The share price had its 52-week low at $7.21, which suggests the last value was 23.78% up since then. When we look at Sally Beauty Holdings Inc’s average trading volume, we note the 10-day average is 2.36 million shares, with the 3-month average coming to 2.21 million.

Analysts gave the Sally Beauty Holdings Inc (SBH) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.33. If we narrow down to specifics, the data shows that 2 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended SBH as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Sally Beauty Holdings Inc’s EPS for the current quarter is expected to be $0.43.

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Sally Beauty Holdings Inc (NYSE:SBH) trade information

Instantly SBH was in green as seen at the end of in last trading. With action 16.36%, the performance over the past five days has been green. The jump to weekly highs of 9.69 on Monday, 11/20/23 added 1.39% to the stock’s daily price. The company’s shares are showing year-to-date downside of -24.44%, with the 5-day performance at 16.36% in the green. However, in the 30-day time frame, Sally Beauty Holdings Inc (NYSE:SBH) is 18.99% up. Looking at the short shares, we see there were 11.62 million shares sold at short interest cover period of 4.9 days.

The consensus price target for the stock as assigned by Wall Street analysts is $10.10, meaning bulls need an upside of 6.34% from its current market value. According to analyst projections, SBH’s forecast low is $8.00 with $12.00 as the target high. To hit the forecast high, the stock’s price needs a -26.85% plunge from its current level, while the stock would need to tank 15.43% for it to hit the projected low.

Sally Beauty Holdings Inc (SBH) estimates and forecasts

Data shows that the Sally Beauty Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -14.47% over the past 6 months, a 2.73% in annual growth rate that is considerably lower than the industry average of 3.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Sally Beauty Holdings Inc will fall -17.30%, while the growth in revenue is estimated to hit 4.90% for the next quarter. Year-over-year growth is forecast to reach 0.10% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $944.27 million. 5 analysts are of the opinion that Sally Beauty Holdings Inc’s revenue for the quarter ending Mar 2024 will be $919.1 million.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.12%. The 2023 estimates are for Sally Beauty Holdings Inc earnings to increase by 2.55%, but the outlook for the next 5-year period is at 29.90% per year.

SBH Dividends

Sally Beauty Holdings Inc is expected to release its next quarterly earnings report between January 31 and February 05.

Sally Beauty Holdings Inc (NYSE:SBH)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.24% of Sally Beauty Holdings Inc shares while 114.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 115.66%. There are 114.23% institutions holding the Sally Beauty Holdings Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 15.69% of the shares, roughly 16.91 million SBH shares worth $208.88 million.

FMR, LLC holds the second largest percentage of outstanding shares, with 14.54% or 15.67 million shares worth $193.54 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jul 30, 2023 were Fidelity Low-Priced Stock Fund and iShares Core S&P Smallcap ETF. With 8.29 million shares estimated at $99.19 million under it, the former controlled 7.69% of total outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held about 6.76% of the shares, roughly 7.28 million shares worth around $61.02 million.

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