Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $8.52 and last traded at $8.65, with a volume of 3229185 shares trading hands. The stock had previously closed at $8.76.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SBH. TD Cowen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating and increased their price objective for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 target price for the company. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, 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. 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 company. According to MarketBeat.com, Sally Beauty has an average rating of "Hold" and an average target price of $12.70.
Get Our Latest Report on SBH
Sally Beauty Price Performance
The company has a 50 day moving average price of $10.22 and a 200-day moving average price of $11.98. 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 market cap of $951.74 million, a price-to-earnings ratio of 5.59 and a beta of 1.54.
Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $937.90 million during 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%. As a group, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.
Institutional Investors Weigh In On Sally Beauty
A number of institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sally Beauty during the 4th quarter valued at approximately $1,600,000. PharVision Advisers LLC acquired a new stake in shares of Sally Beauty during the fourth quarter worth $523,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Sally Beauty by 19.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer's stock worth $3,071,000 after buying an additional 47,246 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in Sally Beauty by 33.4% in the fourth quarter. Voloridge Investment Management LLC now owns 926,701 shares of the specialty retailer's stock valued at $9,684,000 after buying an additional 232,253 shares during the period. Finally, Woodline Partners LP boosted its position in Sally Beauty by 9.9% during the fourth quarter. Woodline Partners LP now owns 524,463 shares of the specialty retailer's stock valued at $5,481,000 after acquiring an additional 47,145 shares during 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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