Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $13.50 Average PT from Analysts

Sally Beauty Holdings, Inc. (NYSE:SBH) has earned a consensus recommendation of “Hold” from the five research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.50.

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

Insiders Place Their Bets

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $242,433.05. This represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Sally Beauty

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP lifted 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 in the last quarter. Point72 DIFC Ltd bought a new stake in Sally Beauty in the 3rd quarter valued at approximately $64,000. Quest Partners LLC boosted its position in Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 7,243 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Sally Beauty during the 3rd quarter worth approximately $94,000. Finally, Algert Global LLC bought a new position in shares of Sally Beauty during the 2nd quarter worth approximately $113,000.

Sally Beauty Price Performance

SBH opened at $10.70 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The stock has a market capitalization of $1.09 billion, a P/E ratio of 7.43 and a beta of 1.56. The company’s 50 day simple moving average is $12.59 and its 200-day simple moving average is $12.21. Sally Beauty has a one year low of $9.06 and a one year high of $14.79.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. Sell-side analysts anticipate that Sally Beauty will post 1.85 earnings per share for the current fiscal year.

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.