Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $13.50 Consensus PT from Brokerages

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.50.

Several equities analysts recently weighed in on SBH shares. DA Davidson lifted their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Morgan Stanley increased their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th.

Sally Beauty Price Performance

NYSE SBH opened at $12.59 on Tuesday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.74 and a beta of 1.51. Sally Beauty has a 1-year low of $9.06 and a 1-year high of $14.79. 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 business’s fifty day moving average price is $13.10 and its 200-day moving average price is $12.20.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $935.00 million for 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 was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, equities analysts predict that Sally Beauty will post 1.85 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, the insider now owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SBH. Foundry Partners LLC purchased a new position in shares of Sally Beauty during the second quarter worth approximately $535,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Sally Beauty during the 3rd quarter valued at $771,000. Maverick Capital Ltd. lifted its holdings in shares of Sally Beauty by 141.3% in the 2nd quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock worth $2,816,000 after buying an additional 153,707 shares during the period. FMR LLC grew its position in shares of Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after buying an additional 387,736 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of Sally Beauty by 120.7% during the second quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock valued at $1,079,000 after buying an additional 55,000 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.