What Could Be Propelling Sally Beauty Holdings, Inc. to Decrease?

 What Could Be Propelling Sally Beauty Holdings, Inc. to Decrease?

In today’s session Sally Beauty Holdings, Inc. (SBH) recorded an unusually high (150) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SBH decrease. With 150 contracts traded and 484 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SBH161216P00030000 closed last at: $4.3 or 24.6% down. About 272,603 shares traded hands. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 11.99% since April 18, 2016 and is downtrending. It has underperformed by 16.42% the S&P500.

Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Coverage

Out of 12 analysts covering Sally Beauty Holdings (NYSE:SBH), 3 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 25% are positive. Sally Beauty Holdings has been the topic of 22 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Tuesday, December 15, the company rating was upgraded by KeyBanc Capital Markets. As per Thursday, October 22, the company rating was downgraded by Wells Fargo. On Thursday, June 2 the stock rating was upgraded by Wells Fargo to “Market Perform”. Morgan Stanley maintained it with “Equal-Weight” rating and $32 target price in Monday, March 14 report. The company was downgraded on Tuesday, January 19 by Morgan Stanley. Oppenheimer maintained the shares of SBH in a report on Tuesday, November 10 with “Perform” rating. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) earned “Neutral” rating by Piper Jaffray on Thursday, March 10. Oppenheimer upgraded Sally Beauty Holdings, Inc. (NYSE:SBH) on Tuesday, January 26 to “Outperform” rating. The firm has “Hold” rating by Johnson Rice given on Monday, August 10. As per Friday, August 7, the company rating was downgraded by B. Riley & Co.

According to Zacks Investment Research, “SALLY BEAUTY HOLDING INC is an international specialty retailer and distributor of professional beauty supplies with revenues of more than $2.5 billion annually. Through they Supply and Beauty Systems Group businesses, the Company sells and distributes through over 3,500 stores, including approximately 200 franchised units, throughout the United States, the United Kingdom, Canada, Puerto Rico, Mexico, Japan, Ireland, Spain and Germany.”

Sally Beauty Holdings, Inc. is a retailer and distributor of beauty supplies. The company has a market cap of $3.58 billion. The Firm operates in North America, South America and Europe. It has a 17.64 P/E ratio. Sally Beauty operates through two business divisions namely Sally Beauty Supply and Beauty Systems Group (BSG).

SBH Company Profile

Sally Beauty Holdings, Inc. (Sally Beauty), incorporated on June 16, 2006, is a retailer and distributor of beauty supplies. The Firm operates in North America, South America and Europe. Sally Beauty operates through two business divisions namely Sally Beauty Supply and Beauty Systems Group (BSG). As of September 30, 2013, through Sally Beauty Supply and BSG, the Company operated over 4,480 company-operated stores and 180 franchised stores. The Firm has store locations in the United States (including Puerto Rico), Canada, Mexico, Chile, the United Kingdom, Ireland, Belgium, France, Germany, the Netherlands and Spain.

More recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Fool.com which released: “Why Sally Beauty Holdings, Inc. Tumbled Today” on November 15, 2016. Also Nasdaq.com published the news titled: “Earnings Reaction History: Sally Beauty Holdings Inc., 25.0% Follow-Through …” on November 15, 2016. Blogs.Wsj.com‘s news article titled: “CFO Moves: CBS Radio, Prosper Marketplace, Sally Beauty Holdings” with publication date: November 16, 2016 was also an interesting one.

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