Sally Beauty Holdings Inc. [SBH] Analysis: Why SBH Stock Is Skyrocketing Today

Over the past three months, Sally Beauty Holdings Inc. [SBH] ended the trading day at $11.84 and exhibited a change of 1.72% with a 24 hour trading and reached upto the volume of 2.43M compared to its recorded trading volume of 0.86 million. SBH generated a 1 year amount change with -36.43%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -4.67% with an amount shift of 31.67% over the last month.

On 1, December 2020, Sally Beauty Holdings, Inc. Announces Participation at the Morgan Stanley Virtual Global Consumer and Retail Conference. According to news published on Yahoo Finance, Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”) today announced it will participate in the Morgan Stanley Virtual Global Consumer and Retail Conference. The Company will be presenting at 3:00 PM ET on December 2, 2020. Presenters will include Chris Brickman, President and Chief Executive Officer, and Marlo Cormier, Chief Financial Officer. The presentation will be webcast live at the following link SBH Webcast.

Analyst Birdseye View:

The most recent analyst activity for Sally Beauty Holdings Inc. [NYSE:SBH] stock was on January 21, 2020, when it was Upgrade with a Neutral rating from DA Davidson, which also raised its 12-month price target on the stock to $15. Before that, on June 04, 2020, Oppenheimer Recapitulated an Outperform rating and elevated its amount target to $19. On November 14, 2019, DA Davidson Downgrade an Underperform rating and boosted its price target on this stock from $12.50 to $15. On July 12, 2019, Jefferies Upgrade a Hold rating and decreased its price target from $14 to $12. On June 25, 2019, BofA/Merrill Reiterated an Underperform rating and decreased its price target to $13. On May 02, 2019, BofA/Merrill Reiterated an Underperform rating and boosted its amount target on this stock to $16. On October 24, 2018, Jefferies Downgrade an Underperform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.28 and a peak of $19.23. Right now, the middling Wall Street analyst 12-month amount mark is $11.00. At the most recent market close, shares of Sally Beauty Holdings Inc. [NYSE:SBH] were valued at $11.84. According to the average price forecast, investors can expect a potential return of -10.36%.

FUNDAMENTAL ANALYSIS

Sally Beauty Holdings Inc. [NYSE:SBH] most recently reported quarterly sales of 957.81 billion, which represented growth of -0.80%. This publicly-traded organization’s revenue is $117,144 per employee, while its income is $3,775 per employee. This company’s Gross Margin is currently 48.80%, its Operating Margin is 7.40%, its Pretax Margin is +4.55, and its Net Margin is +3.22.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 99.35 and the whole liability to whole assets at 80.99. It shows enduring liability to the whole principal at 92.84 and enduring liability to assets at 0.76 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 11.43 points at 1st support level, the second support level is making up to 11.22. But as of 1st resistance point, this stock is sitting at 11.84 and at 12.04 for 2nd resistance point.

Sally Beauty Holdings Inc. [SBH] reported its earnings at $0.63 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.56/share signifying the difference of 0.07 and 12.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.11 calling estimates for -$0.05/share with the difference of -0.06 depicting the surprise of -120.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Sally Beauty Holdings Inc. [NYSE:SBH] is 2.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.91. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.28, it’s amount to book ratio is 63.25 and showing 11.84 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by RABIN EDWARD W, Director, and it was the purchase of 4000.0 shares on Nov 18. Brickman Christian A., the President & CEO, completed a purchase of 11350.0 shares on Nov 17. On Nov 17, RABIN EDWARD W, Director, completed a purchase of 4000.0 shares.