Sally Beauty Holdings, Inc. (NYSE:SBH) Receives Consensus Rating of "Hold" from Brokerages

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.70.

A number of analysts recently weighed in on the stock. DA Davidson reduced their target price 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. Morgan Stanley decreased their price target on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 target price for the company. Finally, StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its holdings in Sally Beauty by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer's stock worth $200,000 after purchasing an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Sally Beauty by 8.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock valued at $140,000 after purchasing an additional 1,090 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Sally Beauty by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer's stock worth $656,000 after buying an additional 1,323 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after buying an additional 2,012 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sally Beauty by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer's stock valued at $612,000 after buying an additional 2,137 shares during the last quarter.

Sally Beauty Price Performance

Shares of Sally Beauty stock traded up $0.09 on Monday, hitting $8.10. The company had a trading volume of 1,770,355 shares, compared to its average volume of 1,740,313. Sally Beauty has a 52 week low of $7.54 and a 52 week high of $14.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The company has a market cap of $826.03 million, a PE ratio of 4.85 and a beta of 1.35. The business has a 50-day simple moving average of $8.85 and a 200-day simple moving average of $11.01.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Research analysts expect that Sally Beauty will post 1.81 EPS for the current fiscal year.

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.