Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.70 Consensus Price Target from Analysts

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

Several equities research analysts have issued reports on SBH shares. DA Davidson lowered their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Wall Street Zen lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd.

Institutional Trading of Sally Beauty

Several institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC raised its position in Sally Beauty by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock worth $200,000 after buying an additional 1,069 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Sally Beauty by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 1,090 shares in the last quarter. SummerHaven Investment Management LLC raised its position in Sally Beauty by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer’s stock worth $656,000 after acquiring an additional 1,323 shares during the last quarter. Rafferty Asset Management LLC lifted its position in shares of Sally Beauty by 4.1% in the first quarter. Rafferty Asset Management LLC now owns 33,979 shares of the specialty retailer’s stock valued at $307,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Sally Beauty by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 1,735 shares during the last quarter.

Sally Beauty Stock Up 3.7%

Shares of NYSE:SBH opened at $8.93 on Tuesday. The company has a market cap of $900.48 million, a price-to-earnings ratio of 5.34 and a beta of 1.25. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $8.51 and a 200 day moving average price of $9.89. Sally Beauty has a 12 month low of $7.54 and a 12 month high of $14.79.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that Sally Beauty will post 1.81 earnings per share for the current year.

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.