Sally Beauty (NYSE:SBH) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Sally Beauty (NYSE:SBH) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley boosted their price objective on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday. DA Davidson raised their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday. TD Cowen boosted their price target on Sally Beauty from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Friday. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Sally Beauty has an average rating of “Hold” and an average price target of $13.00.

Sally Beauty Price Performance

SBH stock opened at $13.34 on Friday. The firm has a 50-day moving average of $13.00 and a two-hundred day moving average of $11.90. Sally Beauty has a one year low of $9.06 and a one year high of $14.36. The company has a current ratio of 2.20, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.37 billion, a PE ratio of 9.26 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. Sally Beauty’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. On average, analysts forecast that Sally Beauty will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On Sally Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in SBH. Geode Capital Management LLC increased its stake 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 valued at $32,790,000 after acquiring an additional 43,016 shares during the last quarter. Barclays PLC grew its holdings in shares of Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after buying an additional 56,879 shares in the last quarter. Quarry LP raised its holdings in shares of Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Sally Beauty in the 3rd quarter valued at $64,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Sally Beauty in the third quarter valued at about $1,080,000.

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.