Sally Beauty Holdings, Inc. (NYSE:SBH) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have assigned Sally Beauty Holdings, Inc. a consensus rating of "Moderate Buy," with a one-year price target of $13.88 based on eight ratings firms' evaluations.
• The company's recent earnings report showed $0.51 earnings per share, exceeding analyst expectations and marking a revenue of $933.31 million for the quarter.
• Insider trading activity has increased, with the Director and CEO both purchasing significant shares, indicating growing confidence in the company's prospects.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.8750.

Several research analysts recently issued reports on SBH shares. Cowen reaffirmed a "buy" rating on shares of Sally Beauty in a research report on Thursday, September 4th. Canaccord Genuity Group lifted their price objective on Sally Beauty from $15.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Zacks Research raised shares of Sally Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Wall Street Zen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a report on Friday. Finally, TD Cowen upped their price objective on shares of Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, September 4th.

Sally Beauty Stock Performance

Sally Beauty stock opened at $16.65 on Monday. The business has a 50 day moving average of $13.77 and a 200-day moving average of $10.60. The company has a market capitalization of $1.65 billion, a P/E ratio of 8.95 and a beta of 1.34. Sally Beauty has a 1 year low of $7.54 and a 1 year high of $16.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.41 and a quick ratio of 0.49.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Sally Beauty has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Sally Beauty will post 1.81 earnings per share for the current year.

Insiders Place Their Bets

In other Sally Beauty news, Director Diana Sue Ferguson bought 2,500 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $12.02 per share, with a total value of $30,050.00. Following the completion of the purchase, the director directly owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Denise Paulonis purchased 4,500 shares of the business's stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the acquisition, the chief executive officer directly owned 366,865 shares in the company, valued at approximately $4,306,995.10. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 10,500 shares of company stock worth $132,125. Company insiders own 1.56% of the company's stock.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors have recently made changes to their positions in SBH. Vanguard Group Inc. grew its stake in shares of Sally Beauty by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer's stock valued at $117,164,000 after buying an additional 546,267 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Sally Beauty by 9.3% in the 1st quarter. Victory Capital Management Inc. now owns 4,013,531 shares of the specialty retailer's stock worth $36,242,000 after purchasing an additional 342,225 shares in the last quarter. LSV Asset Management grew its holdings in shares of Sally Beauty by 1.3% during the second quarter. LSV Asset Management now owns 3,125,321 shares of the specialty retailer's stock valued at $28,940,000 after buying an additional 40,189 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Sally Beauty by 10.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,868,855 shares of the specialty retailer's stock worth $25,906,000 after acquiring an additional 263,269 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Sally Beauty by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,555,955 shares of the specialty retailer's stock valued at $23,671,000 after acquiring an additional 34,328 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.