Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $8.85 and last traded at $8.91, with a volume of 895028 shares changing hands. The stock had previously closed at $9.18.
Wall Street Analyst Weigh In
Several research firms have recently commented on SBH. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. DA Davidson cut their target price on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley cut their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. 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 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.70.
Check Out Our Latest Stock Report on SBH
Sally Beauty Trading Down 2.9 %
The company's 50 day simple moving average is $10.36 and its 200 day simple moving average is $12.05. The firm has a market cap of $893.12 million, a price-to-earnings ratio of 5.25 and a beta of 1.55. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.
Sally Beauty (NYSE:SBH - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sally Beauty
Institutional investors and hedge funds have recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Sally Beauty during the third quarter worth $771,000. Barclays PLC grew its stake 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 worth $2,878,000 after purchasing an additional 56,879 shares in the last quarter. FMR LLC grew its stake in shares of Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock worth $208,928,000 after purchasing an additional 387,736 shares in the last quarter. Access Investment Management LLC grew its stake in shares of Sally Beauty by 21.5% during the fourth quarter. Access Investment Management LLC now owns 303,845 shares of the specialty retailer's stock worth $3,175,000 after purchasing an additional 53,670 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer's stock worth $4,634,000 after purchasing an additional 257,510 shares in the last quarter.
Sally Beauty Company Profile
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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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