Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) traded up 3.9% during trading on Monday . The company traded as high as $9.76 and last traded at $9.68. 1,382,137 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 1,574,475 shares. The stock had previously closed at $9.31.
Analyst Ratings Changes
A number of equities analysts have commented on the company. TD Cowen upgraded Sally Beauty from a "hold" rating to a "buy" rating and lifted their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. DA Davidson decreased their target price on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. Finally, Morgan Stanley reduced their price objective on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.70.
View Our Latest Stock Report on Sally Beauty
Sally Beauty Price Performance
The stock has a market capitalization of $925.23 million, a price-to-earnings ratio of 5.43 and a beta of 1.54. 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 business has a 50-day simple moving average of $10.10 and a two-hundred day simple moving average of $11.84.
Sally Beauty (NYSE:SBH - Get Free Report) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, hitting analysts' consensus estimates of $0.43. The firm had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SBH. Victory Capital Management Inc. increased its holdings in shares of Sally Beauty by 0.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer's stock valued at $47,695,000 after buying an additional 10,016 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Sally Beauty by 5.4% in the third quarter. Empowered Funds LLC now owns 332,400 shares of the specialty retailer's stock valued at $4,511,000 after buying an additional 16,884 shares in the last quarter. LMR Partners LLP bought a new position in shares of Sally Beauty in the third quarter valued at $157,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Sally Beauty in the third quarter valued at $771,000. Finally, Intech Investment Management LLC increased its holdings in shares of Sally Beauty by 96.1% in the third quarter. Intech Investment Management LLC now owns 27,134 shares of the specialty retailer's stock valued at $368,000 after buying an additional 13,298 shares in the last quarter.
About Sally Beauty
(
Get Free Report)
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.
Recommended Stories
Before you consider Sally Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sally Beauty wasn't on the list.
While Sally Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
