Sally Beauty Holdings, Inc. (NYSE:SBH) Given Consensus Rating of “Hold” by Brokerages

Sally Beauty Holdings, Inc. (NYSE:SBH) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.50.

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

Sally Beauty Stock Up 0.6 %

NYSE:SBH opened at $10.74 on Friday. 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 fifty day moving average price is $12.64 and its 200-day moving average price is $12.18. Sally Beauty has a 1-year low of $9.06 and a 1-year high of $14.79. The firm has a market capitalization of $1.09 billion, a P/E ratio of 7.46 and a beta of 1.51.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS 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 firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Sally Beauty will post 1.85 EPS for the current year.

Insiders Place Their Bets

In other news, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction on 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 approximately $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 can be accessed through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the firm’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 transaction, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SBH. Hancock Whitney Corp raised its holdings in shares of Sally Beauty by 1.9% in the 3rd quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 773 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Sally Beauty by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after acquiring an additional 1,395 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Sally Beauty by 19.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 2,169 shares during the last quarter. Quarry LP raised its position in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,345 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in Sally Beauty by 16.4% during the second quarter. TD Asset Management Inc now owns 17,000 shares of the specialty retailer’s stock worth $182,000 after purchasing an additional 2,400 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.