Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.70 Consensus Price Target from Brokerages

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

Several equities analysts recently weighed in on the stock. DA Davidson cut their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Sally Beauty Trading Up 0.3%

Shares of SBH stock traded up $0.03 on Tuesday, reaching $9.10. 1,322,553 shares of the stock were exchanged, compared to its average volume of 2,280,802. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. Sally Beauty has a one year low of $7.54 and a one year high of $14.79. The stock has a market cap of $918.14 million, a PE ratio of 5.45 and a beta of 1.25. The stock has a 50 day moving average price of $8.52 and a 200 day moving average price of $10.03.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. During the same period in the previous year, the business posted $0.35 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Sally Beauty will post 1.81 EPS for the current fiscal year.

Institutional Trading of Sally Beauty

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

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.