Sally Beauty (NYSE:SBH) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Sally Beauty (NYSE:SBH - Free Report) from a buy rating to a hold rating in a research report report published on Thursday.

Separately, DA Davidson lowered their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.70.

Sally Beauty Stock Performance

Shares of NYSE SBH traded up $0.29 during trading hours on Thursday, reaching $9.06. 666,901 shares of the stock were exchanged, compared to its average volume of 1,812,168. The firm has a market capitalization of $913.60 million, a price-to-earnings ratio of 5.43 and a beta of 1.33. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty has a 52 week low of $7.54 and a 52 week high of $14.79. The stock's fifty day simple moving average is $8.51 and its 200 day simple moving average is $10.19.

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 for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. Sell-side analysts predict that Sally Beauty will post 1.81 EPS for the current year.

Hedge Funds Weigh In On Sally Beauty

Hedge funds have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Sally Beauty by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 324,906 shares of the specialty retailer's stock valued at $2,934,000 after purchasing an additional 31,040 shares during the last quarter. Optimize Financial Inc bought a new position in shares of Sally Beauty in the 1st quarter valued at $712,000. Empowered Funds LLC increased its stake in shares of Sally Beauty by 3.0% in the 1st quarter. Empowered Funds LLC now owns 359,896 shares of the specialty retailer's stock valued at $3,250,000 after purchasing an additional 10,546 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of Sally Beauty by 156.2% in the 1st quarter. Great Lakes Advisors LLC now owns 665,624 shares of the specialty retailer's stock valued at $6,011,000 after purchasing an additional 405,801 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sally Beauty by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,595 shares of the specialty retailer's stock valued at $547,000 after purchasing an additional 2,026 shares during 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.