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

Key Points

• Sally Beauty Holdings, Inc. has received a consensus rating of "Hold" from five brokerages, with one sell rating, two holds, and two buy ratings.
• The average price target for Sally Beauty's stock among analysts is $12.87, with recent target price increases by Canaccord Genuity to $15.00.
• CEO Denise Paulonis and Director Diana Sue Ferguson made significant stock purchases, showing confidence as they increased their respective holdings by 1.24% and 46.19%.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have earned a consensus recommendation of "Hold" from the five brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.8750.

Several research firms have issued reports on SBH. Canaccord Genuity Group raised their price target on shares of Sally Beauty from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

Sally Beauty Stock Performance

SBH traded up $0.0560 during trading on Friday, hitting $13.1660. The stock had a trading volume of 1,805,563 shares, compared to its average volume of 1,928,529. The firm has a market cap of $1.30 billion, a PE ratio of 7.08 and a beta of 1.30. Sally Beauty has a 12 month low of $7.54 and a 12 month high of $14.79. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16. The company has a 50 day simple moving average of $10.39 and a 200-day simple moving average of $9.38.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly 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 analyst estimates of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The business's quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. Sally Beauty has set its FY 2025 guidance at EPS. Analysts expect that Sally Beauty will post 1.81 EPS for the current year.

Insider Buying and Selling at Sally Beauty

In related news, Director Diana Sue Ferguson purchased 2,500 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $12.02 per share, for a total transaction of $30,050.00. Following the transaction, the director directly owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Denise Paulonis bought 4,500 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the completion of 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. Company insiders own 1.56% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SBH. Arrowstreet Capital Limited Partnership raised its position in Sally Beauty by 2,768.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,220,160 shares of the specialty retailer's stock worth $11,299,000 after purchasing an additional 1,177,626 shares in the last quarter. Invenomic Capital Management LP raised its position in Sally Beauty by 160.3% in the first quarter. Invenomic Capital Management LP now owns 1,889,310 shares of the specialty retailer's stock worth $17,060,000 after purchasing an additional 1,163,619 shares in the last quarter. Millennium Management LLC raised its position in Sally Beauty by 1,177.7% in the fourth quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock worth $11,872,000 after purchasing an additional 1,047,199 shares in the last quarter. Nuveen LLC acquired a new position in Sally Beauty in the first quarter worth about $8,600,000. Finally, Ranmore Fund Management Ltd boosted its position in Sally Beauty by 54.6% in the second quarter. Ranmore Fund Management Ltd now owns 2,196,020 shares of the specialty retailer's stock valued at $20,335,000 after buying an additional 776,020 shares in the last quarter.

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.