Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have been given an average rating of "Hold" by the six analysts that are presently covering the company, Marketbeat reports. One investment 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 brokerages that have covered the stock in the last year is $12.70.
A number of analysts have issued reports on the company. DA Davidson reduced their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective for the company. Finally, Morgan Stanley reduced their target price on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st.
View Our Latest Stock Report on SBH
Sally Beauty Price Performance
SBH traded down $0.46 during trading on Monday, reaching $8.01. 2,214,386 shares of the company traded hands, compared to its average volume of 1,735,993. Sally Beauty has a 12-month low of $7.54 and a 12-month high of $14.79. The firm has a fifty day simple moving average of $8.94 and a 200 day simple moving average of $11.11. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a market cap of $816.14 million, a P/E ratio of 4.79 and a beta of 1.35.
Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $937.90 million for the quarter, compared to analysts' expectations of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. On average, equities analysts forecast that Sally Beauty will post 1.81 EPS for the current year.
Hedge Funds Weigh In On Sally Beauty
Several hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock valued at $2,878,000 after buying an additional 56,879 shares during the period. Geode Capital Management LLC boosted its holdings in Sally Beauty by 1.8% during 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 acquiring an additional 43,016 shares during the period. Franklin Resources Inc. grew its position in Sally Beauty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer's stock valued at $1,299,000 after acquiring an additional 5,296 shares during the last quarter. DGS Capital Management LLC increased its stake in Sally Beauty by 6.0% in the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer's stock worth $618,000 after purchasing an additional 2,575 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Sally Beauty by 3.8% during the third quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer's stock worth $7,190,000 after purchasing an additional 19,153 shares during the last quarter.
Sally Beauty Company Profile
(
Get Free ReportSally 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.
Further Reading
Before you consider Sally Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sally Beauty wasn't on the list.
While Sally Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
