Sally Beauty (NYSE:SBH) Shares Down 5.1%

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report)'s stock price dropped 5.1% during mid-day trading on Wednesday . The company traded as low as $11.18 and last traded at $11.25. Approximately 374,092 shares traded hands during trading, a decline of 74% from the average daily volume of 1,464,399 shares. The stock had previously closed at $11.85.

Analyst Upgrades and Downgrades

SBH has been the topic of a number of analyst reports. Piper Sandler decreased their price objective on Sally Beauty from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 19th. DA Davidson upped their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 7th.

Sally Beauty Price Performance

The stock has a market capitalization of $1.16 billion, a PE ratio of 7.04 and a beta of 1.46. The business has a fifty day moving average price of $12.58 and a 200-day moving average price of $10.96. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $931.30 million during the quarter, compared to analysts' expectations of $929.49 million. Sally Beauty had a return on equity of 37.78% and a net margin of 4.66%. Sally Beauty's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. Research analysts expect that Sally Beauty Holdings, Inc. will post 1.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Several institutional investors have recently bought and sold shares of SBH. Royal Bank of Canada raised its position in Sally Beauty by 143.5% during the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 1,289 shares during the last quarter. US Bancorp DE raised its position in Sally Beauty by 126.7% during the 2nd quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 1,311 shares during the last quarter. State of Wyoming bought a new position in Sally Beauty during the 4th quarter valued at approximately $32,000. CWM LLC raised its position in Sally Beauty by 107.9% during the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer's stock valued at $36,000 after purchasing an additional 1,401 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Sally Beauty during the 4th quarter valued at approximately $46,000.

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.