Sally Beauty (NYSE:SBH) Hits New 52-Week Low - Here's Why

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $8.50 and last traded at $8.52, with a volume of 1133995 shares trading hands. The stock had previously closed at $9.00.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SBH shares. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. TD Cowen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating and lifted their price target for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. 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 report on Tuesday, January 21st. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a "buy" rating and a $14.00 target price on the stock. Finally, DA Davidson cut their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.70.

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Sally Beauty Price Performance

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 50-day moving average of $9.86 and a 200-day moving average of $11.66. The firm has a market capitalization of $907.90 million, a price-to-earnings ratio of 5.33 and a beta of 1.54.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $937.90 million during 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%. As a group, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Large investors have recently made changes to their positions in the stock. Federated Hermes Inc. lifted its stake in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after buying an additional 2,012 shares during the last quarter. Quarry LP increased its position in Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 2,345 shares in the last quarter. R Squared Ltd acquired a new position in shares of Sally Beauty in the fourth quarter valued at approximately $56,000. KBC Group NV grew its position in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after buying an additional 2,764 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of Sally Beauty in the 3rd quarter worth about $64,000.

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.