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

Sally Beauty Holdings, Inc. (NYSE:SBH) has been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.70.

SBH has been the topic of a number of recent analyst reports. Canaccord Genuity Group started coverage on shares of Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price on the stock. Morgan Stanley lowered 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. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Finally, DA Davidson dropped their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $8.91 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The business has a 50-day moving average of $9.82 and a 200-day moving average of $11.63. The stock has a market capitalization of $907.90 million, a price-to-earnings ratio of 5.33 and a beta of 1.54. Sally Beauty has a fifty-two week low of $8.25 and a fifty-two week high of $14.79.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. As a group, sell-side analysts predict that Sally Beauty will post 1.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBH. Federated Hermes Inc. grew its position in shares of Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 2,012 shares during the last quarter. Quarry LP grew its holdings in Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 2,345 shares in the last quarter. R Squared Ltd bought a new position in Sally Beauty during the 4th quarter worth $56,000. KBC Group NV lifted its holdings 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 buying an additional 2,764 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty during the third quarter worth $64,000.

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.