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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have received an average recommendation of "Hold" from the five ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $12.63.

Separately, Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Sally Beauty Price Performance

NYSE:SBH traded up $0.21 during mid-day trading on Wednesday, hitting $10.34. The company's stock had a trading volume of 1,555,184 shares, compared to its average volume of 1,649,089. Sally Beauty has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The company has a current ratio of 2.32, a quick ratio of 0.44 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 5.81 and a beta of 1.26. The stock has a fifty day moving average of $9.28 and a 200-day moving average of $9.27.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. The firm had revenue of $883.15 million during the quarter, compared to analyst estimates of $901.00 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The company's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Sally Beauty will post 1.81 EPS for the current fiscal year.

Institutional Trading of Sally Beauty

Several hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its stake in Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 1,735 shares during the last quarter. Federated Hermes Inc. boosted its stake in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after acquiring an additional 2,012 shares during the last quarter. Parallel Advisors LLC boosted its stake in Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 3,304 shares during the last quarter. GAMMA Investing LLC boosted its stake in Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock valued at $43,000 after acquiring an additional 4,200 shares during the last quarter. Finally, CWM LLC raised its holdings in Sally Beauty by 123.7% in the first quarter. CWM LLC now owns 8,949 shares of the specialty retailer's stock worth $81,000 after purchasing an additional 4,948 shares during the period.

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.