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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been given a consensus rating of “Hold” by the six analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.70.

A number of analysts have issued reports on SBH shares. DA Davidson cut their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Morgan Stanley lowered their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and upped their target price for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price on the stock.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors have recently modified their holdings of the business. Hancock Whitney Corp grew its position 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. Corient Private Wealth LLC boosted its stake in shares of Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock valued at $200,000 after purchasing an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sally Beauty by 8.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 1,090 shares during the last quarter. Federated Hermes Inc. increased its position in Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 2,012 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sally Beauty by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer’s stock valued at $612,000 after purchasing an additional 2,137 shares during the last quarter.

Sally Beauty Trading Up 2.9 %

Shares of NYSE:SBH opened at $9.01 on Thursday. The stock has a market cap of $918.20 million, a PE ratio of 5.39 and a beta of 1.54. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. Sally Beauty has a 12-month low of $8.52 and a 12-month high of $14.79. The business has a 50 day moving average of $9.96 and a 200-day moving average of $11.72.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. As a group, equities research analysts forecast that Sally Beauty will post 1.81 earnings per share for the current year.

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.