Sally Beauty (NYSE:SBH) Now Covered by TD Cowen

TD Cowen began coverage on shares of Sally Beauty (NYSE:SBH) in a note issued to investors on Friday, Zacks reports. The brokerage set a “strong-buy” rating on the specialty retailer’s stock.

A number of other brokerages have also weighed in on SBH. Weiss Ratings lowered shares of Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.40.

Sally Beauty Trading Down 0.2%

NYSE SBH opened at $18.19 on Friday. The firm has a market cap of $1.70 billion, a P/E ratio of 9.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.37 and a quick ratio of 0.57. The stock’s 50-day moving average is $16.54 and its 200-day moving average is $15.08. Sally Beauty has a one year low of $11.54 and a one year high of $18.48.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%. The business had revenue of $935.49 million for the quarter, compared to analysts’ expectations of $938.45 million. During the same quarter in the previous year, the business posted $0.51 EPS. Sally Beauty’s revenue for the quarter was up .3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Sell-side analysts anticipate that Sally Beauty will post 2.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SBH. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Sally Beauty by 40.1% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 7,739 shares of the specialty retailer’s stock worth $127,000 after buying an additional 2,214 shares during the last quarter. Access Investment Management LLC increased its position in shares of Sally Beauty by 1.3% in the third quarter. Access Investment Management LLC now owns 574,104 shares of the specialty retailer’s stock valued at $9,427,000 after acquiring an additional 7,380 shares during the last quarter. Signaturefd LLC increased its position in shares of Sally Beauty by 101.9% in the third quarter. Signaturefd LLC now owns 5,802 shares of the specialty retailer’s stock valued at $95,000 after acquiring an additional 2,929 shares during the last quarter. RWC Asset Management LLP bought a new stake in Sally Beauty during the third quarter worth about $165,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Sally Beauty during the third quarter worth about $210,000.

About Sally Beauty

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. Through its Sally Beauty and CosmoProf businesses, the company serves both individual consumers and salon professionals with products including hair color, hair care, styling products, skin care, nail care, beauty accessories and salon equipment.

Sally Beauty stores primarily target consumers and offer a broad selection of branded and private-label beauty products. CosmoProf serves licensed beauty professionals and salons, providing professional-use products, tools, furnishings and education-related resources.