Sally Beauty (NYSE:SBH) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Sally Beauty (NYSE:SBH) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on SBH. Weiss Ratings restated a “hold (c+)” rating on shares of Sally Beauty in a research note on Tuesday, October 14th. Canaccord Genuity Group raised their target price on Sally Beauty from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Wall Street Zen raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Cowen reiterated a “buy” rating on shares of Sally Beauty in a research note on Thursday, September 4th. Finally, TD Cowen boosted their price objective on Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.88.

Sally Beauty Stock Performance

SBH stock opened at $15.04 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. The firm has a market cap of $1.49 billion, a PE ratio of 8.08 and a beta of 1.34. The business has a 50 day moving average of $14.83 and a 200-day moving average of $11.19. Sally Beauty has a 12-month low of $7.54 and a 12-month high of $16.82.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $933.31 million during the quarter, compared to analyst estimates of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Sally Beauty will post 1.81 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Denise Paulonis purchased 4,500 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the transaction, the chief executive officer directly owned 366,865 shares in the company, valued at approximately $4,306,995.10. This represents a 1.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Diana Sue Ferguson acquired 2,500 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $12.02 per share, with a total value of $30,050.00. Following the completion of the transaction, the director directly owned 7,912 shares of the company’s stock, valued at $95,102.24. This trade represents a 46.19% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 10,500 shares of company stock valued at $132,125. Corporate insiders own 1.56% of the company’s stock.

Institutional Trading of Sally Beauty

Several institutional investors and hedge funds have recently bought and sold shares of SBH. Osaic Holdings Inc. boosted its holdings in Sally Beauty by 1,365.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 2,730 shares during the period. Golden State Wealth Management LLC raised its position in shares of Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after buying an additional 1,735 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sally Beauty during the second quarter valued at $34,000. GAMMA Investing LLC grew its position in Sally Beauty by 820.3% during the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock worth $43,000 after buying an additional 4,200 shares in the last quarter. Finally, CWM LLC increased its stake in Sally Beauty by 123.7% in the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock worth $81,000 after acquiring an additional 4,948 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.