Sally Beauty Holdings, Inc. (NYSE:SBH) Receives Consensus Rating of “Hold” from Analysts

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have received a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.20.

SBH has been the topic of a number of research analyst reports. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Finally, DA Davidson raised their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th.

Insider Transactions at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares in the company, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the transaction, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Sally Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in shares of Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares during the period. R Squared Ltd acquired a new position in Sally Beauty in the fourth quarter valued at about $56,000. KBC Group NV lifted its position in shares of Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 2,764 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty during the third quarter worth about $64,000. Finally, nVerses Capital LLC purchased a new stake in shares of Sally Beauty during the third quarter worth approximately $94,000.

Sally Beauty Price Performance

Shares of SBH opened at $11.07 on Wednesday. The stock has a market cap of $1.13 billion, a PE ratio of 7.68 and a beta of 1.56. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. Sally Beauty has a fifty-two week low of $9.06 and a fifty-two week high of $14.79. The firm’s 50-day simple moving average is $11.94 and its two-hundred day simple moving average is $12.25.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Analysts anticipate that Sally Beauty will post 1.84 earnings per share for the current fiscal 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.