Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $7.61 and last traded at $7.60, with a volume of 493918 shares changing hands. The stock had previously closed at $7.95.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. 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 note on Tuesday, January 21st. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. DA Davidson lowered their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.70.
Get Our Latest Research Report on Sally Beauty
Sally Beauty Trading Down 0.2 %
The business's 50 day simple moving average is $9.03 and its 200 day simple moving average is $11.16. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The company has a market capitalization of $863.55 million, a price-to-earnings ratio of 5.07 and a beta of 1.35.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.
Institutional Trading of Sally Beauty
Institutional investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in Sally Beauty by 1,177.7% in the fourth quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock valued at $11,872,000 after buying an additional 1,047,199 shares in the last quarter. Lightrock Netherlands B.V. acquired a new position in Sally Beauty during the fourth quarter worth $9,413,000. Ranmore Fund Management Ltd purchased a new stake in Sally Beauty during the fourth quarter worth $8,517,000. Invesco Ltd. grew its holdings in Sally Beauty by 102.1% in the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock valued at $14,823,000 after purchasing an additional 716,613 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Sally Beauty in the fourth quarter valued at $6,746,000.
About Sally Beauty
(
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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.
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