Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.00 Consensus Price Target from Analysts

Sally Beauty Holdings, Inc. (NYSE:SBH) has been given an average rating of “Hold” by the five ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $13.00.

Several research analysts have recently issued reports on SBH shares. TD Cowen raised their price objective on Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. DA Davidson lifted their price target on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Morgan Stanley boosted their price target on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, November 15th. Finally, StockNews.com lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Sally Beauty Stock Down 1.2 %

NYSE:SBH opened at $12.97 on Friday. The company’s 50-day simple moving average is $13.05 and its 200-day simple moving average is $11.93. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. Sally Beauty has a fifty-two week low of $9.06 and a fifty-two week high of $14.36. The stock has a market capitalization of $1.32 billion, a P/E ratio of 9.01 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same period in the prior year, the company posted $0.42 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Sally Beauty will post 1.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hancock Whitney Corp increased its stake in Sally Beauty by 1.9% in the 3rd quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 773 shares during the period. Diversified Trust Co raised its holdings in Sally Beauty by 2.7% during the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after purchasing an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Sally Beauty by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock valued at $549,000 after purchasing an additional 1,395 shares during the period. ProShare Advisors LLC boosted its holdings in Sally Beauty by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in Sally Beauty by 19.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 2,169 shares during the period.

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.