Sally Beauty Holdings Inc.’s filing revealed that its See Remarks Spinks Mark Gregory unloaded Company’s shares for reported $0.61 million on Feb 16. In the deal valued at $17.18 per share,35,456 shares were sold. As a result of this transaction, Spinks Mark Gregory now holds 38,313 shares worth roughly $ 0.56 million.
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Piper Sandler initiated its Sally Beauty Holdings Inc. [SBH] rating to an Overweight in a research note published on Monday, December 15, 2022; the price target was $15. PT values the company’s stock at a premium of 2.2 to its Monday closing price. A number of analysts have revised their coverage, including Cowen’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Market perform”. Raymond James also remained covering SBH and has decreased its forecast on June 29, 2022 with a “an Underperform” recommendation from previously “Mkt perform” rating. Morgan Stanley revised its rating on June 16, 2022. It rated SBH as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of SBH
On Monday, Sally Beauty Holdings Inc. [NYSE:SBH] saw its stock fall -4.62% to $14.67. On the same session, the stock had its day’s lowest price of $14.64, but rose to a high of $15.06. Over the last five days, the stock has lost -3.55%. Sally Beauty Holdings Inc. shares have risen nearly 17.17% since the year began. Nevertheless, the stocks have fallen -13.76% over the past one year. While a 52-week high of $18.42 was reached on 02/02/23, a 52-week low of $10.95 was recorded on 01/03/23. SMA at 50 days reached $15.56, while 200 days put it at $13.76. A total of 1.39 million shares were traded, compared to the trading of 1.52 million shares in the previous session.
Levels Of Support And Resistance For SBH Stock
The 24-hour chart illustrates a support level at 14.52, which if violated will result in even more drops to 14.37. On the upside, there is a resistance level at 14.94. A further resistance level may holdings at 15.21. The Relative Strength Index (RSI) on the 14-day chart is 37.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.46%. Stochastics %K at 12.51% indicates the stock is a buying.
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 Jan 12, 2023, dropping by 80000.0 shares to a total of 8.11 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 8.19 million shares. There was a decline of -0.99%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 18.44% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.11.
Sally Beauty Holdings Inc. [SBH] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 16,135,386 shares, or roughly 15.03% of the outstanding SBH shares. In other words, the investor’s shares have risen by 516,301 from its previous 13-F filing of 15619085.0. Additionally, Fidelity Management & Research Co increased 0.03% of its stake after which the total value it holdings stand at $252,172,359, while The Vanguard Group, Inc. added 2.48% of its stake to hold $190.27 million in the firm. Over the last quarter, AllianceBernstein LP purchased 597,088 shares of Sally Beauty Holdings Inc., while ArrowMark Colorado Holdings LLC bought -3,437,911 shares. At present, SSgA Funds Management, Inc. is holding 4,350,684 shares valued at $70.0 million. Champlain Investment Partners LLC owned 3,981,095 shares of the company at the time of its most recent 13F filing, worth $64.06 million.