Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.00 Average PT from Analysts

Sally Beauty Holdings, Inc. (NYSE:SBH) has earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.00.

SBH has been the topic of several research reports. StockNews.com cut Sally Beauty from a “buy” rating to a “hold” rating in a research report on Friday. DA Davidson raised their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday. Morgan Stanley boosted their price target on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday. Finally, TD Cowen boosted their price target on Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Friday.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $13.41 on Friday. Sally Beauty has a 12 month low of $8.59 and a 12 month high of $14.36. The company has a current ratio of 2.20, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $12.96 and a two-hundred day simple moving average of $11.88. The firm has a market capitalization of $1.38 billion, a P/E ratio of 9.31 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Sally Beauty’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. On average, equities analysts forecast that Sally Beauty will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

Several large investors have recently modified their holdings of SBH. Sei Investments Co. increased its position in shares of Sally Beauty by 9.1% during the 1st quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer’s stock valued at $2,441,000 after purchasing an additional 16,314 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Sally Beauty by 51.9% during the 1st quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock valued at $586,000 after purchasing an additional 16,120 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Sally Beauty by 7.1% during the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 1,426 shares during the last quarter. Boulder Hill Capital Management LP bought a new position in Sally Beauty in the 1st quarter valued at $1,027,000. Finally, Lazard Asset Management LLC grew its position in Sally Beauty by 303.7% in the 1st quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock valued at $5,339,000 after acquiring an additional 323,438 shares during the last quarter.

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.