Sally Beauty (NYSE:SBH) Shares Up 4.3% - What's Next?

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) shot up 4.3% during trading on Monday . The company traded as high as $9.25 and last traded at $9.33. 248,367 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 2,392,821 shares. The stock had previously closed at $8.94.

Wall Street Analyst Weigh In

SBH has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. TD Cowen upgraded Sally Beauty from a "hold" rating to a "buy" rating and raised their price objective for the company from $14.00 to $16.00 in a research note on Monday, November 25th. 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. Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. Finally, DA Davidson dropped their price target on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $12.70.

Remove Ads

Sally Beauty Price Performance

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 fifty day moving average price of $10.53 and a 200 day moving average price of $12.10. The company has a market capitalization of $918.10 million, a P/E ratio of 5.39 and a beta of 1.55.

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. 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, sell-side analysts forecast 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 hedge funds have recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Sally Beauty in the 3rd quarter valued at approximately $771,000. Barclays PLC raised 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 valued at $2,878,000 after purchasing an additional 56,879 shares in the last quarter. FMR LLC lifted its holdings in Sally Beauty by 2.6% in 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 during the period. JPMorgan Chase & Co. grew its position in Sally Beauty by 306.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer's stock valued at $4,634,000 after buying an additional 257,510 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in Sally Beauty during the 4th quarter valued at about $553,000.

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.