Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sally Beauty Holdings Inc. shares valued at $609,134 were sold by Spinks Mark Gregory on Feb 16. At $17.18 per share, Spinks Mark Gregory sold 35,456 shares. The insider’s holdings dropped to 38,313 shares worth approximately $0.57 million following the completion of this transaction.
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As published in their initiating research note from Piper Sandler on December 15, 2022, Sally Beauty Holdings Inc. [SBH] has been an Overweight and the price target has been revised to $15. This represents a 0.93% premium over Thursday’s closing price. Analysts at Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid August. As of June 29, 2022, Raymond James has decreased its “Mkt perform” rating to a “an Underperform” for SBH. Earlier on June 16, 2022, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for SBH stock which previously was a “an Equal-weight”.
Analyzing SBH Stock Performance
On Thursday, Sally Beauty Holdings Inc. [NYSE: SBH] plunged -0.80% to $14.86. The stock’s lowest price that day was $14.445, but it reached a high of $15.05 in the same session. During the last five days, there has been a drop of approximately -4.38%. Over the course of the year, Sally Beauty Holdings Inc. shares have jumped approximately 18.69%. Shares of the company reached a 52-week high of $18.42 on 02/02/23 and a 52-week low of $12.55 on 01/03/23. A 50-day SMA is recorded $15.70, while a 200-day SMA reached $13.76. Nevertheless, trading volume fell to 1.19 million shares from 1.93 million shares the previous day.
Support And Resistance Levels for Sally Beauty Holdings Inc. (SBH)
According to the 24-hour chart, there is a support level at 14.52, which, if violated, would cause prices to drop to 14.18. In the upper region, resistance lies at 15.13. The next price resistance is at 15.39. RSI (Relative Strength Index) is 40.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 78.17%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Sally Beauty Holdings Inc. subject to short interest?
Stocks of Sally Beauty Holdings Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by 80000.0 shares to 8.11 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 8.19 million shares. A decline of -0.99% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.11 of the overall float, the days-to-cover ratio (short ratio) decline to 5.11.
Which companies own the most shares of Sally Beauty Holdings Inc. (SBH)?
According to BlackRock Fund Advisors filings, the company currently owns 16,135,386 shares, which is about 15.03% of the total SBH shares outstanding. The investor’s shares have appreciated by 516,301 from its previous 13-F filing of 15619085.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $252,172,359. The Vanguard Group, Inc. acquire a 2.48% interest valued at $190.27 million while AllianceBernstein LP purchased a 597,088 stake. A total of -3,437,911 shares of Sally Beauty Holdings Inc. were bought by ArrowMark Colorado Holdings LLC during the quarter, and 383,541 were bought by SSgA Funds Management, Inc. In its current portfolio, Champlain Investment Partners LLC holds 3,981,095 shares valued at $64.06 million.