Checking in on Sally Beauty Holdings Inc. (SBH) after recent insiders movement

Sally Beauty Holdings Inc.’s recent filing unveils that its SVP & President, Sally Beauty Goss John Howard JR unloaded Company’s shares for reported $0.38 million on Mar 02. In the deal valued at $17.76 per share,21,489 shares were sold. As a result of this transaction, Goss John Howard JR now holds 20,179 shares worth roughly $ 0.32 million.


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Then, Mulder Susan R sold 2,901 shares, generating $60,921 in total proceeds. Upon selling the shares at $21.00, the Director now owns 0 shares.

Before that, Mulder Susan R sold 2,500 shares. Sally Beauty Holdings Inc. shares valued at $52,500 were divested by the Director at a price of $21.00 per share. As a result of the transaction, Mulder Susan R now holds 2,901 shares, worth roughly $45458.67.

Cowen downgraded its Sally Beauty Holdings Inc. [SBH] rating to a Market perform from a an Outperform in a research note published on Tuesday. PT values the company’s stock at a premium of 7.82 to its Tuesday closing price. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late June from “a Mkt perform” to “an Underperform”. Morgan Stanley also remained covering SBH and has decreased its forecast on June 16, 2022 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Oppenheimer revised its rating on May 05, 2022. It rated SBH as “a Perform” which previously was an “an Outperform”.

Price Performance Review of SBH

On Tuesday, Sally Beauty Holdings Inc. [NYSE:SBH] saw its stock jump 1.89% to $15.67. On the same session, the stock had its day’s lowest price of $15.44, but rose to a high of $16.17. Over the last five days, the stock has gained 12.33%. Sally Beauty Holdings Inc. shares have fallen nearly -15.11% since the year began. Nevertheless, the stocks have fallen -17.35% over the past one year. While a 52-week high of $21.86 was reached on 01/05/22, a 52-week low of $11.28 was recorded on 06/30/22. SMA at 50 days reached $13.29, while 200 days put it at $16.25. A total of 1.47 million shares were traded, compared to the trading of 1.16 million shares in the previous session.

Levels Of Support And Resistance For SBH Stock

The 24-hour chart illustrates a support level at 15.35, which if violated will result in even more drops to 15.03. On the upside, there is a resistance level at 16.08. A further resistance level may holdings at 16.49. The Relative Strength Index (RSI) on the 14-day chart is 70.57, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.29%. Stochastics %K at 88.27% indicates the stock is a selling.

How much short interest is there in Sally Beauty Holdings Inc.?

A steep rise in short interest was recorded in Sally Beauty Holdings Inc. stocks on Jul 14, 2022, dropping by -0.81 million shares to a total of 9.82 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 10.63 million shares. There was a decline of -8.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 21.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.05.

Sally Beauty Holdings Inc. [SBH] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 15,619,085 shares, or roughly 14.60% of the outstanding SBH shares. In other words, the investor’s shares have fallen by -376,217 from its previous 13-F filing of 15995302.0. Additionally, ArrowMark Colorado Holdings LLC decreased -1.72% of its stake after which the total value it holdings stand at $192,637,745, while Fidelity Management & Research Co reduced -3.64% of its stake to hold $192.24 million in the firm. Over the last quarter, The Vanguard Group, Inc. sold -298,465 shares of Sally Beauty Holdings Inc., while AllianceBernstein LP sold 1,250,964 shares. At present, LSV Asset Management is holding 4,339,200 shares valued at $55.45 million. Champlain Investment Partners LLC owned 4,143,820 shares of the company at the time of its most recent 13F filing, worth $52.96 million.

According to FactSet, Sally Beauty Holdings Inc.’s share price will average $14.38 in the next year, based on opinions of analysts polled by the firm. This is down nearly -4.1 percent from its previous closing price of $15.38. Analysts expect Sally Beauty Holdings Inc. stock to reach the higher price of $17.00, while the lowest price estimate is $11.00. However, 6 analysts have rated SBH stock as an Underweight in their predictions for 2022.

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