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

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

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

Sally Beauty Stock Performance

NYSE:SBH opened at $12.47 on Tuesday. The company has a fifty day simple moving average of $13.07 and a two-hundred day simple moving average of $12.21. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 8.66 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. Sally Beauty has a 52 week low of $9.06 and a 52 week high of $14.79.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $935.00 million during 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%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, equities analysts anticipate that Sally Beauty will post 1.85 earnings per share for the current fiscal year.

Insider Transactions at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $242,433.05. This trade represents a 20.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently made changes to their positions in SBH. Quarry LP lifted its holdings in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,345 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty during the 3rd quarter valued at $64,000. nVerses Capital LLC acquired a new position in shares of Sally Beauty during the 3rd quarter valued at $94,000. Quest Partners LLC lifted its holdings in shares of Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 7,243 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Sally Beauty during the 2nd quarter valued at $113,000.

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.