Brokerages Set Sally Beauty Holdings, Inc. (NYSE:SBH) PT at $13.50

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have received a consensus recommendation of "Hold" from the five brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.50.

Several analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the company an "underweight" rating in a research report on Friday, November 15th. DA Davidson boosted their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, November 23rd. Raymond James raised Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. Finally, TD Cowen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating and lifted their price objective for the company from $14.00 to $16.00 in a research note on Monday, November 25th.

Insiders Place Their Bets

In related news, insider Scott C. Sherman sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares of the company's stock, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock worth $208,928,000 after acquiring an additional 387,736 shares during the last quarter. Victory Capital Management Inc. increased its position in Sally Beauty by 0.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer's stock worth $47,695,000 after purchasing an additional 10,016 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer's stock worth $35,276,000 after purchasing an additional 833,720 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer's stock valued at $34,551,000 after buying an additional 80,712 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer's stock valued at $32,790,000 after buying an additional 43,016 shares in the last quarter.

Sally Beauty Stock Performance

Shares of NYSE:SBH traded up $0.06 on Tuesday, reaching $12.79. 895,496 shares of the company's stock were exchanged, compared to its average volume of 1,420,866. The business's 50-day moving average is $13.13 and its two-hundred day moving average is $12.18. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. Sally Beauty has a fifty-two week low of $9.06 and a fifty-two week high of $14.79. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 8.85 and a beta of 1.51.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $935.00 million for the quarter, compared to analysts' expectations of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. Sally Beauty's revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities research analysts forecast that Sally Beauty will post 1.85 EPS for the current 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.