Sally Beauty (NYSE:SBH - Get Free Report) had its price target upped by equities research analysts at Canaccord Genuity Group from $20.00 to $25.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the specialty retailer's stock. Canaccord Genuity Group's price target indicates a potential upside of 28.66% from the company's current price.
A number of other research analysts have also issued reports on the stock. TD Cowen assumed coverage on shares of Sally Beauty in a research note on Friday, October 30th. They issued a "strong-buy" rating on the stock. Morgan Stanley boosted their target price on shares of Sally Beauty from $13.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday. Wall Street Zen cut shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Raymond James Financial set a $18.00 price target on Sally Beauty and gave the company an "outperform" rating in a research report on Tuesday. Finally, Jefferies Financial Group set a $21.00 price target on Sally Beauty and gave the company a "hold" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.40.
Check Out Our Latest Stock Analysis on SBH
Sally Beauty Stock Down 5.4%
NYSE:SBH traded down $1.11 during mid-day trading on Wednesday, reaching $19.43. The stock had a trading volume of 909,770 shares, compared to its average volume of 1,504,592. The stock has a market cap of $1.82 billion, a P/E ratio of 10.13 and a beta of 1.09. The business's 50 day moving average is $16.88 and its 200 day moving average is $15.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.37 and a quick ratio of 0.57. Sally Beauty has a fifty-two week low of $11.54 and a fifty-two week high of $21.06.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Tuesday, November 10th. The specialty retailer reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $952.53 million for the quarter, compared to the consensus estimate of $950.12 million. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. Sally Beauty's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. Sally Beauty has set its Q1 2027 guidance at 0.480-0.520 EPS and its FY 2027 guidance at 2.200-2.300 EPS. As a group, sell-side analysts predict that Sally Beauty will post 2.07 earnings per share for the current year.
Institutional Trading of Sally Beauty
Several hedge funds have recently modified their holdings of SBH. Public Sector Pension Investment Board lifted its position in shares of Sally Beauty by 19.6% during the third quarter. Public Sector Pension Investment Board now owns 680,062 shares of the specialty retailer's stock worth $10,854,000 after purchasing an additional 111,464 shares in the last quarter. Global Retirement Partners LLC raised its position in Sally Beauty by 1,791.2% in the 3rd quarter. Global Retirement Partners LLC now owns 1,721 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 1,630 shares during the last quarter. Royce & Associates LP raised its position in Sally Beauty by 2.4% in the 3rd quarter. Royce & Associates LP now owns 140,289 shares of the specialty retailer's stock worth $2,304,000 after purchasing an additional 3,296 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in Sally Beauty by 48.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 20,768 shares of the specialty retailer's stock worth $341,000 after buying an additional 6,805 shares in the last quarter. Finally, Simplex Trading LLC lifted its holdings in Sally Beauty by 354.0% during the 3rd quarter. Simplex Trading LLC now owns 3,497 shares of the specialty retailer's stock worth $57,000 after buying an additional 4,874 shares in the last quarter.
More Sally Beauty News
These are some of the SBH news items that stood out recently:
- Positive Sentiment: Fiscal Q4 adjusted earnings of $0.62 per share topped the $0.60 consensus, while revenue of $952.5 million also edged estimates. EPS rose from $0.55 a year earlier, and sales increased 0.6%. Sally Beauty Surpasses Q4 Earnings and Revenue Estimates
- Neutral Sentiment: Morgan Stanley lifted its price target to $19 from $13 but maintained an “underweight” rating, signaling limited upside at the referenced share price. Morgan Stanley Adjusts Sally Beauty Price Target
- Negative Sentiment: Near-term guidance may be weighing on sentiment: Q1 fiscal 2027 EPS guidance of $0.48–$0.52 puts the midpoint below the $0.52 consensus. Revenue growth in Q4 was also modest, underscoring continued pressure to accelerate sales. Sally Beauty Q4 Earnings and Sales
About Sally Beauty
(
Get Free Report)
Sally Beauty Holdings, Inc. is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution. The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources. Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.
Further Reading
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