Sally Beauty (SBH) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Sally Beauty (NYSE: SBH) recently:

• 11/25/2024 – Sally Beauty was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock, up previously from $14.00.
• 11/23/2024 – Sally Beauty was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/15/2024 – Sally Beauty had its price target raised by analysts at Morgan Stanley from $8.00 to $12.00. They now have an “underweight” rating on the stock.
• 11/15/2024 – Sally Beauty had its price target raised by analysts at DA Davidson from $12.00 to $13.00. They now have a “neutral” rating on the stock.
• 11/15/2024 – Sally Beauty was upgraded by analysts at Raymond James from an “underperform” rating to a “market perform” rating.
• 11/15/2024 – Sally Beauty was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/15/2024 – Sally Beauty had its price target raised by analysts at TD Cowen from $13.00 to $14.00. They now have a “hold” rating on the stock.

Sally Beauty Stock Performance

SBH opened at $14.14 on Thursday. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 9.82 and a beta of 1.53. The business has a 50 day moving average of $13.09 and a 200-day moving average of $12.02. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current year.

Insider Activity at Sally Beauty

In related news, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. The trade was a 24.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $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. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sally Beauty

Several institutional investors have recently made changes to their positions in SBH. Hancock Whitney Corp increased its stake in Sally Beauty by 1.9% in the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after acquiring an additional 773 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Sally Beauty by 2.7% during the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after purchasing an additional 898 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Sally Beauty by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after purchasing an additional 1,395 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Sally Beauty by 19.9% during the second quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 2,169 shares during the period. Finally, Quarry LP boosted its holdings in shares of Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 2,345 shares during the period.

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.