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

Sally Beauty Holdings, Inc. (NYSE:SBH) has been assigned a consensus rating of “Hold” from the six analysts that are 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 assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.70.

Several brokerages have recently weighed in on SBH. 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. Canaccord Genuity Group started coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price for the company. DA Davidson decreased their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

Institutional Trading of Sally Beauty

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its position in shares of Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after purchasing an additional 56,879 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after buying an additional 43,016 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Sally Beauty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock worth $1,299,000 after buying an additional 5,296 shares during the last quarter. DGS Capital Management LLC raised its position in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock valued at $618,000 after buying an additional 2,575 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Sally Beauty by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer’s stock worth $7,190,000 after acquiring an additional 19,153 shares during the last quarter.

Sally Beauty Trading Up 1.1 %

Shares of Sally Beauty stock opened at $8.10 on Monday. The stock has a market capitalization of $826.03 million, a P/E ratio of 4.85 and a beta of 1.35. Sally Beauty has a 52-week low of $7.54 and a 52-week high of $14.79. 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 stock’s 50-day simple moving average is $8.85 and its 200 day simple moving average is $11.01.

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

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.