Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $13.50 Consensus Price Target from Analysts

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have earned a consensus rating of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.50.

SBH has been the subject of several research reports. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. DA Davidson increased their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, November 15th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Finally, Morgan Stanley increased their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th.

Insider Buying and Selling

In related news, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the transaction, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sally Beauty

A number of large investors have recently made changes to their positions in SBH. Price T Rowe Associates Inc. MD increased its stake in shares of Sally Beauty by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,670 shares of the specialty retailer’s stock worth $878,000 after acquiring an additional 3,862 shares during the last quarter. SG Americas Securities LLC acquired a new position in Sally Beauty in the 2nd quarter valued at about $289,000. Diversified Trust Co grew its stake in shares of Sally Beauty by 2.7% in the 2nd quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock valued at $364,000 after buying an additional 898 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Sally Beauty by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 985,489 shares of the specialty retailer’s stock worth $10,574,000 after buying an additional 9,924 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sally Beauty by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,686 shares of the specialty retailer’s stock valued at $222,000 after buying an additional 3,158 shares during the period.

Sally Beauty Trading Down 1.0 %

NYSE SBH opened at $12.59 on Tuesday. The firm has a market cap of $1.28 billion, a PE ratio of 8.74 and a beta of 1.51. Sally Beauty has a 52 week low of $9.06 and a 52 week high of $14.79. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The company has a 50 day moving average price of $13.10 and a 200 day moving average price of $12.20.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data 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. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. During the same quarter last year, the firm earned $0.42 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Sally Beauty will post 1.85 EPS for the current fiscal 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.