Sally Beauty (NYSE:SBH) Price Target Lowered to $10.50 at DA Davidson

Sally Beauty (NYSE:SBH) had its price target cut by DA Davidson from $13.00 to $10.50 in a research report report published on Tuesday,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

Several other equities analysts have also recently commented on SBH. Morgan Stanley reduced their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and boosted their price objective 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 research note on Friday, November 15th. Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target for the company. Finally, StockNews.com downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and a consensus target price of $12.70.

Sally Beauty Stock Up 0.9 %

Shares of NYSE:SBH opened at $9.38 on Tuesday. The company has a market capitalization of $955.13 million, a PE ratio of 6.51 and a beta of 1.55. Sally Beauty has a 1 year low of $9.03 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 has a fifty day moving average price of $10.90 and a two-hundred day moving average price of $12.13.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Analysts forecast that Sally Beauty will post 1.84 earnings per share for the current year.

Insider Activity at Sally Beauty

In related news, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the insider now directly owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently made changes to their positions in SBH. FMR LLC increased its holdings in Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after acquiring an additional 387,736 shares during the last quarter. Vanguard Group Inc. lifted its stake in Sally Beauty by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer’s stock worth $129,880,000 after purchasing an additional 279,222 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sally Beauty by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer’s stock valued at $42,316,000 after buying an additional 459,972 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in shares of Sally Beauty by 5.6% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer’s stock valued at $42,037,000 after buying an additional 214,108 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Sally Beauty by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock worth $38,365,000 after buying an additional 156,580 shares during the period.

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.