Sally Beauty Target of Unusually Large Options Trading (NYSE:SBH)

Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) was the target of some unusual options trading activity on Friday. Stock investors purchased 7,541 put options on the stock. This represents an increase of 1,536% compared to the typical volume of 461 put options.

Sally Beauty Trading Up 6.1 %

Shares of NYSE:SBH traded up $0.72 during mid-day trading on Friday, reaching $12.61. 91,232 shares of the company’s stock were exchanged, compared to its average volume of 1,670,526. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 7.21 and a beta of 1.29. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.29 and a current ratio of 1.70. Sally Beauty has a twelve month low of $11.28 and a twelve month high of $21.86. The business’s fifty day moving average price is $12.94 and its 200-day moving average price is $13.59.

Hedge Funds Weigh In On Sally Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Polaris Capital Management LLC acquired a new position in shares of Sally Beauty during the first quarter valued at about $45,611,000. Balyasny Asset Management LLC raised its holdings in shares of Sally Beauty by 1,747.0% during the third quarter. Balyasny Asset Management LLC now owns 1,857,271 shares of the specialty retailer’s stock valued at $23,402,000 after purchasing an additional 1,756,714 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Sally Beauty during the third quarter worth about $18,270,000. Boothbay Fund Management LLC bought a new stake in shares of Sally Beauty during the third quarter worth about $10,162,000. Finally, Principal Financial Group Inc. increased its position in shares of Sally Beauty by 18.4% during the second quarter. Principal Financial Group Inc. now owns 3,590,146 shares of the specialty retailer’s stock worth $42,794,000 after acquiring an additional 558,630 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Cowen downgraded shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price objective for the company. in a research report on Friday, August 12th. DA Davidson dropped their price target on shares of Sally Beauty from $14.50 to $11.50 and set a “neutral” rating for the company in a research report on Monday. StockNews.com assumed coverage on shares of Sally Beauty in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley dropped their price target on shares of Sally Beauty to $10.00 in a research report on Wednesday. Finally, Cowen cut shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research note on Friday, August 12th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and an average price target of $13.88.

Sally Beauty Company Profile

(Get Rating)

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.

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