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

Sally Beauty Holdings, Inc. (NYSE:SBH) has received a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.20.

A number of equities analysts have weighed in on SBH shares. DA Davidson increased their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note 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 target price on the stock. Morgan Stanley cut their target price 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. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Finally, TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and raised their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th.

Sally Beauty Stock Performance

NYSE:SBH opened at $10.67 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.09 billion, a P/E ratio of 7.41 and a beta of 1.55. 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 moving average is $11.68 and its two-hundred day moving average is $12.24.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company 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%. Sally Beauty’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share. Analysts expect that Sally Beauty will post 1.84 EPS for the current year.

Insider Buying and Selling

In related news, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction 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 sale, the insider now owns 42,431 shares of the company’s stock, valued at $614,825.19. The trade was a 24.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at $242,433.05. This trade represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after acquiring an additional 387,736 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Sally Beauty by 0.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock worth $47,695,000 after acquiring an additional 10,016 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after acquiring an additional 833,720 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock worth $34,551,000 after acquiring an additional 80,712 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Sally Beauty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after acquiring an additional 43,016 shares in the last quarter.

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.