Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.70 Average PT from Brokerages

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.70.

A number of equities research analysts have weighed in on SBH shares. Canaccord Genuity Group started coverage on Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price on the stock. DA Davidson reduced their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley dropped their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBH. Golden State Wealth Management LLC raised its position in Sally Beauty by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 1,735 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Sally Beauty by 536.4% in the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 3,304 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 2,012 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Sally Beauty by 820.3% in the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 4,200 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Sally Beauty in the 4th quarter worth about $56,000.

Sally Beauty Trading Down 6.3%

Shares of NYSE:SBH opened at $9.35 on Friday. The company has a market capitalization of $953.27 million, a P/E ratio of 5.60 and a beta of 1.33. Sally Beauty has a 1 year low of $7.54 and a 1 year high of $14.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The business’s 50 day simple moving average is $8.54 and its 200 day simple moving average is $10.47.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $883.15 million for the quarter, compared to the consensus estimate of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, research analysts anticipate that Sally Beauty will post 1.81 EPS for the current fiscal year.

About Sally Beauty

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.