Sally Beauty (NYSE:SBH) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Sally Beauty (NYSE:SBH) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

A number of other brokerages have also weighed in on SBH. DA Davidson boosted their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Morgan Stanley dropped their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Canaccord Genuity Group started coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price on the stock. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Sally Beauty currently has an average rating of “Hold” and a consensus price target of $13.20.

Sally Beauty Stock Up 1.0 %

Shares of SBH opened at $9.67 on Tuesday. The firm has a market cap of $984.68 million, a P/E ratio of 6.71 and a beta of 1.55. 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 52 week low of $9.06 and a 52 week high of $14.79. The firm’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $12.19.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. During the same period in the previous year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts forecast that Sally Beauty will post 1.84 earnings per share for the current year.

Insider Buying and Selling at Sally Beauty

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty 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 completion of the transaction, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Sally Beauty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in shares of Sally Beauty in the fourth quarter worth $326,000. Prudential Financial Inc. boosted its stake in shares of Sally Beauty by 341.1% during the fourth quarter. Prudential Financial Inc. now owns 471,528 shares of the specialty retailer’s stock valued at $4,927,000 after purchasing an additional 364,621 shares during the period. Vanguard Group Inc. raised its stake in shares of Sally Beauty by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer’s stock valued at $129,880,000 after acquiring an additional 279,222 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Sally Beauty during the 4th quarter worth $232,000. Finally, AXQ Capital LP purchased a new stake in shares of Sally Beauty in the 4th quarter worth approximately $144,000.

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.