Sally Beauty (NYSE:SBH) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Sally Beauty (NYSE:SBH - Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

Several other analysts have also recently commented on the stock. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective for the company. DA Davidson raised their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Morgan Stanley cut their target price on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Raymond James upgraded shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. Finally, TD Cowen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating and lifted their target price for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $13.20.

Sally Beauty Stock Performance

Shares of SBH stock traded down $0.33 during mid-day trading on Tuesday, hitting $9.26. The stock had a trading volume of 3,339,594 shares, compared to its average volume of 1,870,992. Sally Beauty has a fifty-two week low of $9.06 and a fifty-two week high of $14.79. The firm has a market cap of $943.51 million, a PE ratio of 6.43 and a beta of 1.55. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The company's 50-day simple moving average is $11.04 and its 200-day simple moving average is $12.14.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm had revenue of $937.90 million during the quarter, compared to analysts' expectations of $941.44 million. Sell-side analysts anticipate that Sally Beauty will post 1.84 earnings per share for the current year.

Insider Transactions at Sally Beauty

In other news, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares in the company, valued at $614,825.19. The trade was a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now owns 16,685 shares of the company's stock, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.56% of the company's stock.

Institutional Investors Weigh In On Sally Beauty

Institutional investors have recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Sally Beauty in the third quarter valued at approximately $771,000. Barclays PLC grew its holdings in Sally Beauty by 36.6% in 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 during the period. FMR LLC grew 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 valued at $208,928,000 after purchasing an additional 387,736 shares during the period. JPMorgan Chase & Co. grew its holdings in Sally Beauty by 306.7% in the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer's stock valued at $4,634,000 after purchasing an additional 257,510 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Sally Beauty by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer's stock valued at $34,551,000 after purchasing an additional 80,712 shares during the period.

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.