Sally Beauty (NYSE:SBH) Share Price Breaks Above 200 Day Moving Average - Should You Sell?

Key Points

• Sally Beauty shares rose above their 200-day moving average, reaching $17.27 compared with the $14.57 average, before last trading around $16.94.
• Analyst sentiment remains mixed: three analysts rate the stock Buy, three Hold and one Sell. The consensus rating is Hold, with an average price target of $17.40; TD Cowen raised its target to $19 and maintained a Buy rating.
• The company exceeded quarterly EPS expectations, reporting $0.55 versus the $0.53 consensus, while revenue reached $935.49 million and increased 0.3% year over year. Several institutional investors, including BlackRock, recently acquired or increased positions.

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $14.57 and traded as high as $17.27. Sally Beauty shares last traded at $16.9410, with a volume of 1,156,282 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on SBH. Weiss Ratings raised shares of Sally Beauty from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, TD Cowen boosted their target price on shares of Sally Beauty from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $17.40.

Sally Beauty Stock Down 1.4%

The firm has a 50 day simple moving average of $16.15 and a two-hundred day simple moving average of $14.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37. The stock has a market cap of $1.59 billion, a P/E ratio of 8.82 and a beta of 1.05.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The company had revenue of $935.49 million during the quarter, compared to analyst estimates of $938.45 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm's quarterly revenue was up .3% on a year-over-year basis. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Equities research analysts predict that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.

Institutional Investors Weigh In On Sally Beauty

Several institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sally Beauty during the 2nd quarter worth about $1,727,000. Hsbc Holdings PLC bought a new position in shares of Sally Beauty in the first quarter valued at approximately $2,587,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Sally Beauty in the second quarter valued at approximately $1,536,000. BlackRock Inc. bought a new position in shares of Sally Beauty in the second quarter valued at approximately $223,172,000. Finally, Sei Investments Co. increased its stake in shares of Sally Beauty by 52.3% during the first quarter. Sei Investments Co. now owns 200,280 shares of the specialty retailer's stock valued at $2,774,000 after acquiring an additional 68,754 shares during the period.

About Sally Beauty

Sally Beauty Holdings, Inc operates specialty retailers and distributors of professional beauty products and salon supplies. The company serves both beauty professionals and individual consumers through its Sally Beauty and CosmoProf businesses.

Sally Beauty stores offer products including hair color, hair care, styling products, skin care, nail care, salon equipment and beauty accessories. CosmoProf primarily serves licensed stylists and salon owners, providing professional brands, technical education and products for salon services.

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