Sally Beauty Holdings, Inc. (NYSE:SBH) Given Consensus Rating of “Hold” by Analysts

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

A number of brokerages recently commented on SBH. Morgan Stanley decreased their target price 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. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. DA Davidson cut their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group assumed coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Sally Beauty by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer’s stock worth $117,164,000 after buying an additional 546,267 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Sally Beauty by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer’s stock valued at $42,316,000 after acquiring an additional 459,972 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in Sally Beauty by 5.6% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer’s stock valued at $42,037,000 after acquiring an additional 214,108 shares during the period. Victory Capital Management Inc. raised its holdings in Sally Beauty by 9.3% during the 1st quarter. Victory Capital Management Inc. now owns 4,013,531 shares of the specialty retailer’s stock valued at $36,242,000 after acquiring an additional 342,225 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Sally Beauty by 10.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,868,855 shares of the specialty retailer’s stock valued at $25,906,000 after acquiring an additional 263,269 shares during the period.

Sally Beauty Stock Performance

SBH stock opened at $9.35 on Friday. The stock has a 50-day moving average price of $8.54 and a 200-day moving average price of $10.47. Sally Beauty has a 1-year low of $7.54 and a 1-year high of $14.79. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The firm has a market cap of $953.27 million, a PE ratio of 5.60 and a beta of 1.33.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $883.15 million during the quarter, compared to analyst estimates of $901.00 million. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts expect that Sally Beauty will post 1.81 earnings per share 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.