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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have been given an average rating of "Hold" by the six analysts that are presently covering the stock, MarketBeat reports. One 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is $12.70.

Several brokerages recently commented on SBH. Canaccord Genuity Group started coverage on shares of Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price target on the stock. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their target price on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Finally, DA Davidson decreased their price target on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, February 18th.

Institutional Trading of Sally Beauty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Sally Beauty by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer's stock worth $117,164,000 after purchasing an additional 546,267 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sally Beauty by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock worth $42,316,000 after acquiring an additional 459,972 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of Sally Beauty by 5.6% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer's stock worth $42,037,000 after acquiring an additional 214,108 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Sally Beauty by 9.3% during the first quarter. Victory Capital Management Inc. now owns 4,013,531 shares of the specialty retailer's stock worth $36,242,000 after purchasing an additional 342,225 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Sally Beauty by 10.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,868,855 shares of the specialty retailer's stock worth $25,906,000 after purchasing an additional 263,269 shares in the last quarter.

Sally Beauty Price Performance

Shares of SBH traded down $0.80 during trading hours on Friday, reaching $9.18. 2,228,567 shares of the stock traded hands, compared to its average volume of 1,797,288. The company has a market cap of $935.94 million, a P/E ratio of 5.50 and a beta of 1.33. Sally Beauty has a 52-week low of $7.54 and a 52-week high of $14.79. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The company's 50-day moving average price is $8.53 and its two-hundred day moving average price is $10.47.

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