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

Key Points

• Sally Beauty Holdings, Inc. has received a consensus rating of "Moderate Buy" from seven brokerages, with a twelve-month price target averaging $12.8750.
• Insider trading activity shows Director Diana Sue Ferguson purchased 2,500 shares at $12.02 per share, and CEO Denise Paulonis bought 4,500 shares at $11.74 per share, indicating strong confidence in the company’s prospects.
• The company reported a Q2 EPS of $0.51, exceeding estimates and demonstrating a return on equity of 28.11%, despite a 1.0% decline in revenue year-over-year.

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.8750.

SBH has been the subject of a number of research analyst reports. Cowen reaffirmed a "buy" rating on shares of Sally Beauty in a report on Thursday, September 4th. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. TD Cowen increased their price objective on Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Canaccord Genuity Group upped their target price on Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Zacks Research raised shares of Sally Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Sally Beauty

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its stake in shares of Sally Beauty by 1,365.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 2,730 shares during the period. Golden State Wealth Management LLC grew its position in Sally Beauty by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after buying an additional 1,735 shares during the period. Raymond James Financial Inc. purchased a new position in Sally Beauty in the second quarter valued at $34,000. Parallel Advisors LLC raised its position in shares of Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 3,304 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock worth $43,000 after acquiring an additional 4,200 shares during the period.

Sally Beauty Stock Up 0.0%

Sally Beauty stock opened at $14.65 on Thursday. The business has a fifty day moving average price of $11.82 and a 200-day moving average price of $9.80. Sally Beauty has a 1-year low of $7.54 and a 1-year high of $14.79. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.87 and a beta of 1.38. 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 issued its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The business had revenue of $933.31 million during the quarter, compared to the consensus estimate of $928.78 million. During the same quarter last year, the company earned $0.45 earnings per share. The company's quarterly revenue was down 1.0% on a year-over-year basis. Sally Beauty has set its FY 2025 guidance at EPS. Equities research analysts forecast 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.

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.