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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have earned an average rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $13.00.

Several research analysts recently issued reports on the company. TD Cowen upped their target price on Sally Beauty from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Friday. DA Davidson raised their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday. StockNews.com downgraded Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley raised their price target on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday.

Sally Beauty Price Performance

Shares of SBH stock opened at $13.41 on Friday. Sally Beauty has a twelve month low of $8.59 and a twelve month high of $14.36. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.31 and a beta of 1.53. The stock has a fifty day simple moving average of $12.96 and a two-hundred day simple moving average of $11.88. The company has a current ratio of 2.20, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last issued 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. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. On average, analysts predict that Sally Beauty will post 1.73 EPS for the current fiscal year.

Institutional Trading of Sally Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. boosted its stake in shares of Sally Beauty by 9.1% in the first quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer’s stock worth $2,441,000 after acquiring an additional 16,314 shares during the last quarter. Russell Investments Group Ltd. raised its position in Sally Beauty by 51.9% in the first quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock valued at $586,000 after purchasing an additional 16,120 shares during the period. ProShare Advisors LLC raised its position in Sally Beauty by 7.1% in the first 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 during the period. Boulder Hill Capital Management LP purchased a new stake in Sally Beauty in the first quarter valued at $1,027,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Sally Beauty by 303.7% in the 1st quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock valued at $5,339,000 after buying an additional 323,438 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.