Sally Beauty Holdings, Inc. (NYSE:SBH) Receives Average Rating of “Hold” from Analysts

Sally Beauty Holdings, Inc. (NYSE:SBH) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.70.

A number of research firms have recently weighed in on SBH. Morgan Stanley lowered their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Canaccord Genuity Group started coverage on Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target for the company. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, DA Davidson decreased their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, February 18th.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $8.51 on Monday. Sally Beauty has a one year low of $7.54 and a one year high of $14.79. The company has a market capitalization of $867.12 million, a PE ratio of 5.09 and a beta of 1.35. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $11.16.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Research analysts expect that Sally Beauty will post 1.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Barclays PLC boosted its position in Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after buying an additional 56,879 shares during the last quarter. Geode Capital Management LLC lifted its stake in Sally Beauty by 1.8% during 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 period. Franklin Resources Inc. boosted its holdings in shares of Sally Beauty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock valued at $1,299,000 after acquiring an additional 5,296 shares during the last quarter. DGS Capital Management LLC increased its stake in shares of Sally Beauty by 6.0% in the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock worth $618,000 after acquiring an additional 2,575 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Sally Beauty by 3.8% during the third quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer’s stock worth $7,190,000 after purchasing an additional 19,153 shares during the last quarter.

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.