Sally Beauty (NYSE:SBH) Price Target Cut to $11.00 by Analysts at TD Cowen

Sally Beauty (NYSE:SBH) had its price target decreased by investment analysts at TD Cowen from $13.00 to $11.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s target price indicates a potential upside of 6.69% from the stock’s previous close.

SBH has been the subject of a number of other research reports. Piper Sandler cut their price objective on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 19th. DA Davidson upped their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and an average price target of $12.00.

Sally Beauty Stock Performance

SBH stock traded down $0.04 on Wednesday, hitting $10.31. The company’s stock had a trading volume of 675,035 shares, compared to its average volume of 1,455,834. The firm has a 50 day moving average of $12.25 and a two-hundred day moving average of $11.13. Sally Beauty has a 1 year low of $7.21 and a 1 year high of $14.64. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 6.57 and a beta of 1.46. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $931.30 million during the quarter, compared to the consensus estimate of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. Sally Beauty’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. Equities analysts predict that Sally Beauty will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DGS Capital Management LLC grew its stake in Sally Beauty by 4.3% in the 1st quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer’s stock valued at $543,000 after acquiring an additional 1,810 shares during the last quarter. Profit Investment Management LLC acquired a new stake in Sally Beauty in the 1st quarter valued at about $1,737,000. Vanguard Group Inc. grew its stake in Sally Beauty by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer’s stock valued at $183,057,000 after acquiring an additional 52,343 shares during the last quarter. Auxier Asset Management grew its stake in Sally Beauty by 18.7% in the 4th quarter. Auxier Asset Management now owns 90,427 shares of the specialty retailer’s stock valued at $1,201,000 after acquiring an additional 14,271 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Sally Beauty by 16.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,808 shares of the specialty retailer’s stock valued at $888,000 after acquiring an additional 9,574 shares during the last quarter.

Sally Beauty Company Profile

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.