Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.88 Average Price Target from Analysts

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.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.8750.

SBH has been the subject of several research analyst reports. TD Cowen increased their price objective on Sally Beauty from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Wall Street Zen raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Saturday. Canaccord Genuity Group raised their price objective on shares of Sally Beauty from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Monday. Cowen restated a "buy" rating on shares of Sally Beauty in a research report on Thursday, September 4th. Finally, Zacks Research raised shares of Sally Beauty from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th.

Insider Activity at Sally Beauty

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

Hedge Funds Weigh In On Sally Beauty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its holdings in shares of Sally Beauty by 1,365.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer's stock worth $27,000 after buying an additional 2,730 shares during the last quarter. 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 acquiring an additional 1,735 shares during the period. Raymond James Financial Inc. acquired a new stake in Sally Beauty during the second quarter worth about $34,000. Parallel Advisors LLC raised its holdings in shares of Sally Beauty by 536.4% in the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 3,304 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Sally Beauty by 820.3% in the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock valued at $43,000 after purchasing an additional 4,200 shares in the last quarter.

Sally Beauty Stock Performance

NYSE:SBH traded down $0.73 during mid-day trading on Thursday, reaching $15.06. The stock had a trading volume of 2,943,052 shares, compared to its average volume of 2,300,679. Sally Beauty has a twelve month low of $7.54 and a twelve month high of $15.92. The business has a 50 day simple moving average of $12.24 and a 200 day simple moving average of $9.98. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 8.10 and a beta of 1.38. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41.

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

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.