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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have received an average recommendation of "Hold" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.70.

SBH has been the subject of a number of recent research reports. DA Davidson cut their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

Institutional Investors Weigh In On Sally Beauty

Several hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Sally Beauty by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock worth $27,228,000 after buying an additional 59,478 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Sally Beauty by 1,177.7% during the fourth quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock worth $11,872,000 after acquiring an additional 1,047,199 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Sally Beauty by 127.4% during the fourth quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock worth $672,000 after acquiring an additional 36,057 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Sally Beauty during the fourth quarter worth $3,177,000. Finally, Vanguard Group Inc. raised its holdings in shares of Sally Beauty by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock worth $129,880,000 after acquiring an additional 279,222 shares in the last quarter.

Sally Beauty Price Performance

NYSE SBH traded down $0.15 on Tuesday, reaching $8.61. The company's stock had a trading volume of 1,309,991 shares, compared to its average volume of 1,823,604. Sally Beauty has a twelve month low of $7.54 and a twelve month high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The stock has a market cap of $868.70 million, a PE ratio of 5.16 and a beta of 1.25. The firm's 50 day moving average is $8.51 and its two-hundred day moving average is $9.96.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $883.15 million during the quarter, compared to the consensus estimate of $901.00 million. During the same period in the prior year, the company earned $0.35 EPS. Sally Beauty's revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Sally Beauty will post 1.81 EPS for the current 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.