Sally Beauty (NYSE:SBH) Trading 4.3% Higher – Time to Buy?

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) shot up 4.3% during mid-day trading on Monday . The company traded as high as $9.25 and last traded at $9.33. 248,367 shares were traded during mid-day trading, a decline of 90% from the average session volume of 2,392,821 shares. The stock had previously closed at $8.94.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SBH shares. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target on the stock. TD Cowen upgraded 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 report on Monday, November 25th. Finally, Morgan Stanley reduced their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.70.

Sally Beauty Trading Up 4.9 %

The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a market cap of $955.78 million, a price-to-earnings ratio of 5.61 and a beta of 1.55. The business’s 50 day moving average price is $10.70 and its 200-day moving average price is $12.13.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) 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 business had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. On average, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SBH. Hancock Whitney Corp grew its stake in shares of Sally Beauty by 1.9% during the 3rd quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock worth $552,000 after acquiring an additional 773 shares in the last quarter. Corient Private Wealth LLC increased its stake in 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 buying an additional 1,069 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in 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 worth $140,000 after buying an additional 1,090 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 2,012 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sally Beauty by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer’s stock worth $612,000 after acquiring an additional 2,137 shares in the last quarter.

Sally Beauty Company Profile

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.