Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.70 Consensus Price Target from Brokerages

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have received a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.70.

SBH has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. DA Davidson cut their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective for the company.

Sally Beauty Price Performance

NYSE SBH opened at $8.61 on Thursday. Sally Beauty has a 12 month low of $8.25 and a 12 month high of $14.79. The stock has a market cap of $877.42 million, a price-to-earnings ratio of 5.15 and a beta of 1.54. The company’s 50 day moving average is $9.86 and its two-hundred day moving average is $11.66. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $941.44 million. As a group, research analysts anticipate that Sally Beauty will post 1.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SBH. Millennium Management LLC grew its holdings in shares of Sally Beauty by 1,177.7% in the fourth quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer’s stock valued at $11,872,000 after purchasing an additional 1,047,199 shares in the last quarter. Lightrock Netherlands B.V. bought a new stake in Sally Beauty in the fourth quarter worth $9,413,000. Ranmore Fund Management Ltd bought a new stake in Sally Beauty in the fourth quarter worth $8,517,000. Invesco Ltd. lifted its position in Sally Beauty by 102.1% in the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer’s stock worth $14,823,000 after buying an additional 716,613 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Sally Beauty in the fourth quarter worth $6,746,000.

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.