Sally Beauty Holdings (SBH) has been under a strong bear grip, hence the stock is down -8.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.1% in the past 1 week. The stock has risen by 2.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.3% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 5.36% and the 50-Day Moving Average is 6.89%. Sally Beauty Holdings (NYSE:SBH): stock turned positive on Friday. Though the stock opened at $26.85, the bulls momentum made the stock top out at $27.22 level for the day. The stock recorded a low of $26.85 and closed the trading day at $27.06, in the green by 0.67%. The total traded volume for the day was 1,307,796. The stock had closed at $26.88 in the previous days trading.
The company Insiders own 1.18% of Sally Beauty Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.5% . During last six month period, the net percent change held by insiders has seen a change of -21.5%. Also, Equity Analysts at the KeyBanc maintains the rating on Sally Beauty Holdings (NYSE:SBH). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $36 per share to $30 per share. The rating by the firm was issued on August 5, 2016.
Sally Beauty Holdings, Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers, grocery stores, mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color, hair care, skin and nail care, beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.