Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) has been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $16.00.
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A number of brokerages recently commented on SBH. Morgan Stanley increased their price target on Sally Beauty from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, February 3rd. StockNews.com lowered Sally Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Cowen increased their price target on Sally Beauty from $14.00 to $19.00 and gave the company a “market perform” rating in a research note on Thursday, February 16th. Piper Sandler began coverage on Sally Beauty in a research note on Thursday, December 15th. They set an “overweight” rating and a $15.00 price target for the company. Finally, DA Davidson increased their price target on Sally Beauty from $11.50 to $17.00 and gave the company a “neutral” rating in a research note on Monday, February 6th.
Sally Beauty Stock Performance
NYSE:SBH opened at $16.40 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.34 and a debt-to-equity ratio of 2.90. Sally Beauty has a 12-month low of $10.95 and a 12-month high of $18.42. The stock has a 50-day moving average price of $14.88 and a 200 day moving average price of $13.77. The stock has a market capitalization of $1.76 billion, a P/E ratio of 10.86 and a beta of 1.30.
Sally Beauty (NYSE:SBH – Get Rating) last released its earnings results on Thursday, February 2nd. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Sally Beauty had a return on equity of 72.24% and a net margin of 4.35%. The firm had revenue of $957.06 million during the quarter, compared to analysts’ expectations of $921.74 million. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. Equities research analysts forecast that Sally Beauty will post 1.88 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Mark Gregory Spinks sold 35,456 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $17.18, for a total transaction of $609,134.08. Following the completion of the sale, the insider now directly owns 38,313 shares of the company’s stock, valued at approximately $658,217.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.97% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Sally Beauty
Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Sally Beauty by 143.5% during the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 1,289 shares during the last quarter. Assetmark Inc. increased its holdings in Sally Beauty by 146.0% during the 2nd quarter. Assetmark Inc. now owns 2,423 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 1,438 shares during the period. First Horizon Advisors Inc. increased its holdings in Sally Beauty by 1,882.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,458 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 2,334 shares during the period. State of Wyoming purchased a new position in Sally Beauty during the 4th quarter worth $32,000. Finally, Captrust Financial Advisors increased its holdings in Sally Beauty by 34.2% during the 1st quarter. Captrust Financial Advisors now owns 5,036 shares of the specialty retailer’s stock worth $79,000 after purchasing an additional 1,282 shares during the period.
Sally Beauty Company Profile
Sally Beauty Holdings, Inc is an international retailer and distributor of professional beauty supplies. It operates through the Sally Beauty Supply (SBS) and Beauty Systems Group (BSG) segments. The SBS segment offers domestic and international chain of retail stores and a consumer-facing e-commerce website that offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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