Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.70 Average Target Price from Analysts

Sally Beauty Holdings, Inc. (NYSE:SBH) has received a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.70.

SBH has been the topic of a number of analyst reports. DA Davidson lowered their target price on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley lowered their price objective on 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 Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group initiated coverage on Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target for the company.

Institutional Trading of Sally Beauty

Hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC grew 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 purchasing an additional 1,069 shares during the period. PNC Financial Services Group Inc. grew its position in Sally Beauty by 8.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 1,090 shares during the period. SummerHaven Investment Management LLC increased its holdings in Sally Beauty by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer’s stock worth $656,000 after buying an additional 1,323 shares during the last quarter. Federated Hermes Inc. increased its holdings in Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after buying an additional 2,012 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sally Beauty by 3.8% in 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 during the period.

Sally Beauty Stock Up 1.1 %

SBH stock opened at $8.10 on Monday. The stock’s 50 day simple moving average is $8.85 and its 200 day simple moving average is $11.01. The company has a market cap of $826.03 million, a P/E ratio of 4.85 and a beta of 1.35. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty has a fifty-two week low of $7.54 and a fifty-two week high of $14.79.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $941.44 million. On average, research analysts expect that Sally Beauty will post 1.81 earnings per share for the current fiscal year.

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.