Sally Beauty (NYSE:SBH) Sets New 12-Month Low - Should You Sell?

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $8.06 and last traded at $8.18, with a volume of 767711 shares traded. The stock had previously closed at $9.09.

Analyst Ratings Changes

Several research analysts recently issued reports on SBH shares. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target for the company. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Morgan Stanley dropped their price target 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. Finally, DA Davidson reduced 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. One 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, the stock currently has an average rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Price Performance

The firm's fifty day simple moving average is $9.22 and its 200-day simple moving average is $11.30. The firm has a market capitalization of $804.93 million, a PE ratio of 4.73 and a beta of 1.35. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

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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 for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. On average, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its position in Sally Beauty by 536.4% in the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after buying an additional 3,304 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Sally Beauty by 8,210.4% during the first quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer's stock valued at $384,000 after purchasing an additional 42,037 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Sally Beauty during the fourth quarter valued at approximately $1,600,000. PharVision Advisers LLC purchased a new stake in Sally Beauty in the fourth quarter worth approximately $523,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Sally Beauty by 19.2% in the 4th 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 purchasing an additional 47,246 shares during the period.

Sally Beauty Company Profile

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.