Sally Beauty Holdings, Inc. (NYSE:SBH – Get Free Report)’s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $14.57 and traded as high as $17.27. Sally Beauty shares last traded at $16.9410, with a volume of 1,156,282 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on SBH shares. Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. TD Cowen upped their target price on Sally Beauty from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.40.
Check Out Our Latest Research Report on SBH
Sally Beauty Stock Performance
Sally Beauty (NYSE:SBH – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The firm had revenue of $935.49 million during the quarter, compared to the consensus estimate of $938.45 million. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Research analysts forecast that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current fiscal year.
Hedge Funds Weigh In On Sally Beauty
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nykredit A S acquired a new stake in Sally Beauty in the 2nd quarter valued at about $28,000. KBC Group NV purchased a new stake in shares of Sally Beauty in the first quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd grew its position in shares of Sally Beauty by 309.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,374 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 2,549 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sally Beauty in the second quarter valued at approximately $71,000. Finally, Versant Capital Management Inc increased its holdings in shares of Sally Beauty by 27.2% in the second quarter. Versant Capital Management Inc now owns 5,096 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 1,089 shares during the last quarter.
Sally Beauty Company Profile
Sally Beauty Holdings, Inc operates specialty retailers and distributors of professional beauty products and salon supplies. The company serves both beauty professionals and individual consumers through its Sally Beauty and CosmoProf businesses.
Sally Beauty stores offer products including hair color, hair care, styling products, skin care, nail care, salon equipment and beauty accessories. CosmoProf primarily serves licensed stylists and salon owners, providing professional brands, technical education and products for salon services.
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