Friday, September 25, 2020

Sally Beauty Holdings Inc. [SBH] moved down -2.10: Why It’s Important

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Sally Beauty Holdings Inc. [NYSE: SBH] closed the trading session at $10.71 on 09/15/20. The day’s price range saw the stock hit a low of $10.51, while the highest price level was $11.05. The company report on September 3, 2020 that Sally Beauty Holdings, Inc. Deploys Excess Cash to Reduce Debt Levels.

Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”) today provided an update on its liquidity.

In partnership with affiliates of Bank of America, JPMorgan, Wells Fargo, Citizens, and Truist, the Company completed an amendment to the terms of the Company’s existing secured asset-based revolving line of credit (expires July 2022), which suspends certain anti-cash hoarding restrictions when the outstanding balance remains below $375 million.

The stocks have a year to date performance of -41.32 percent and weekly performance of -8.30 percent. The stock has been moved at 8.18 percent over the last six months. The stock has performed -17.36 percent around the most recent 30 days and changed -22.11 percent over the most recent 3-months.

If compared to the average trading volume of 1.46M shares, SBH reached to a volume of 1199921 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Sally Beauty Holdings Inc. [SBH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SBH shares is $14.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SBH stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Sally Beauty Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 04, 2020. The new note on the price target was released on January 21, 2020, representing the official price target for Sally Beauty Holdings Inc. stock. Previously, the target price had yet another raise from $12.50 to $15, while DA Davidson kept a Underperform rating on SBH stock. On July 12, 2019, analysts decreased their price target for SBH shares from 14 to 12.

The Average True Range (ATR) for Sally Beauty Holdings Inc. is set at 0.50, with the Price to Sales ratio for SBH stock in the period of the last 12 months amounting to 0.36. Price to Free Cash Flow for SBH in the course of the last twelve months was 4.85 with Quick ratio for the last quarter at 1.00.

SBH stock trade performance evaluation

Sally Beauty Holdings Inc. [SBH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.30. With this latest performance, SBH shares dropped by -17.36% in over the last four-week period, additionally plugging by 8.18% over the last 6 months – not to mention a drop of -25.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SBH stock in for the last two-week period is set at 29.94, with the RSI for the last a single of trading hit 26.74, and the three-weeks RSI is set at 37.34 for Sally Beauty Holdings Inc. [SBH]. The present Moving Average for the last 50 days of trading for this stock 12.46, while it was recorded at 11.13 for the last single week of trading, and 12.89 for the last 200 days.

Sally Beauty Holdings Inc. [SBH]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sally Beauty Holdings Inc. [SBH] shares currently have an operating margin of +11.83 and a Gross Margin at +46.53. Sally Beauty Holdings Inc.’s Net Margin is presently recorded at +7.01.

Return on Total Capital for SBH is now 30.17, given the latest momentum, and Return on Invested Capital for the company is 17.90. Additionally, SBH Total Debt to Total Capital is recorded at 103.93, with Total Debt to Total Assets ending up at 75.99.

Reflecting on the efficiency of the workforce at the company, Sally Beauty Holdings Inc. [SBH] managed to generate an average of $9,039 per employee. Receivables Turnover for the company is 39.75 with a Total Asset Turnover recorded at a value of 1.85.Sally Beauty Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.90.

Earnings per share (EPS) analysis for Sally Beauty Holdings Inc. [SBH] stock

With the latest financial reports released by the company, Sally Beauty Holdings Inc. posted 0.58/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SBH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sally Beauty Holdings Inc. go to -3.90%.

Sally Beauty Holdings Inc. [SBH]: Insider Ownership positions

There are presently around $1,425 million, in the hands of institutional investors. The top three institutional holders of SBH stocks are: ARROWMARK COLORADO HOLDINGS LLC with ownership of 18,706,829, which is approximately -9.206% of the company’s market cap and around 0.60% of the total institutional ownership; FMR LLC, holding 16,930,576 shares of the stock with an approximate value of $181.33 million in SBH stocks shares; and BLACKROCK INC., currently with $140.93 million in SBH stock with ownership of nearly -1.84% of the company’s market capitalization.

Positions in Sally Beauty Holdings Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 109 institutional holders increased their position in Sally Beauty Holdings Inc. [NYSE:SBH] by around 13,349,687 shares. Additionally, 127 investors decreased positions by around 12,153,160 shares, while 26 investors held positions by with 107,562,334 shares. The mentioned changes placed institutional holdings at 133,065,181 shares, according to the latest SEC report filing. SBH stock had 47 new institutional investments in for a total of 3,909,405 shares, while 42 institutional investors sold positions of 4,885,649 shares during the same period.

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