Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.70 Average Price Target from Brokerages

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have received an average recommendation of "Hold" from the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.70.

SBH has been the subject of a number of research analyst reports. DA Davidson dropped their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Morgan Stanley dropped their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. TD Cowen raised shares of Sally Beauty from a "hold" rating to a "buy" rating and upped their price target for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, Canaccord Genuity Group started coverage on Sally Beauty in a research report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective on the stock.

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Institutional Investors Weigh In On Sally Beauty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Sally Beauty during the third quarter valued at about $771,000. M&T Bank Corp boosted its holdings in Sally Beauty by 127.4% in the fourth quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock valued at $672,000 after purchasing an additional 36,057 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sally Beauty by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock valued at $27,228,000 after purchasing an additional 59,478 shares in the last quarter. Barclays PLC increased its holdings in Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock worth $2,878,000 after purchasing an additional 56,879 shares during the last quarter. Finally, Amundi increased its holdings in Sally Beauty by 1,215.4% during the 4th quarter. Amundi now owns 237,700 shares of the specialty retailer's stock worth $2,555,000 after purchasing an additional 219,630 shares during the last quarter.

Sally Beauty Trading Up 1.2 %

Shares of NYSE SBH traded up $0.11 during trading on Thursday, hitting $8.61. 4,218,672 shares of the company traded hands, compared to its average volume of 1,615,606. The firm has a market capitalization of $877.42 million, a P/E ratio of 5.15 and a beta of 1.54. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $9.86 and a 200-day moving average price of $11.66. Sally Beauty has a 1 year low of $8.25 and a 1 year high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $937.90 million for the quarter, compared to analysts' expectations of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. On average, equities analysts predict that Sally Beauty will post 1.81 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.