Sally Beauty (NYSE:SBH) Trading Down 5.7% - Here's What Happened

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report)'s stock price traded down 5.7% during mid-day trading on Tuesday . The stock traded as low as $7.94 and last traded at $7.98. 1,101,149 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 1,730,122 shares. The stock had previously closed at $8.46.

Analyst Ratings Changes

SBH has been the topic of a number of research reports. Morgan Stanley lowered 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. DA Davidson dropped their target price 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. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, 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 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Stock Up 1.1 %

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 stock has a market cap of $826.03 million, a P/E ratio of 4.85 and a beta of 1.35. The company has a 50-day simple moving average of $8.85 and a two-hundred day simple moving average of $11.00.

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

Institutional Investors Weigh In On Sally Beauty

Institutional investors and hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC purchased a new position in shares of Sally Beauty during the first quarter valued at approximately $1,042,000. SummerHaven Investment Management LLC boosted its holdings in Sally Beauty by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer's stock valued at $656,000 after acquiring an additional 1,323 shares in the last quarter. SG Americas Securities LLC purchased a new position in Sally Beauty during the 1st quarter valued at $309,000. GAMMA Investing LLC raised its holdings in Sally Beauty by 820.3% in the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Profit Investment Management LLC lifted its position in shares of Sally Beauty by 10.0% in the 1st quarter. Profit Investment Management LLC now owns 213,697 shares of the specialty retailer's stock worth $1,930,000 after purchasing an additional 19,488 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.