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

Key Points

• Research analysts at Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating.
• Despite the downgrade, Sally Beauty has received mixed ratings from other firms, with one analyst issuing a Strong Buy rating and three others maintaining a Buy rating.
• Sally Beauty reported earnings of $0.51 per share for the last quarter, exceeding analysts' expectations of $0.42, although its revenue decreased by 1.0% year-over-year.

Sally Beauty (NYSE:SBH - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.

Other analysts have also issued research reports about the company. Cowen restated a "buy" rating on shares of Sally Beauty in a report on Thursday, September 4th. Zacks Research upgraded shares of Sally Beauty from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. TD Cowen raised their price objective on Sally Beauty from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Finally, Canaccord Genuity Group lifted their price target on shares of Sally Beauty from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $13.88.

Sally Beauty Stock Down 0.3%

Shares of Sally Beauty stock traded down $0.05 during trading hours on Friday, reaching $15.51. 3,998,423 shares of the company were exchanged, compared to its average volume of 2,534,756. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41. The stock's fifty day moving average is $12.57 and its 200 day moving average is $10.12. The firm has a market cap of $1.53 billion, a PE ratio of 8.34 and a beta of 1.38. Sally Beauty has a 1 year low of $7.54 and a 1 year high of $15.92.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $933.31 million during the quarter, compared to the consensus estimate of $928.78 million. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The firm's revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. Sally Beauty has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Sally Beauty will post 1.81 earnings per share for the current year.

Insider Transactions at Sally Beauty

In other Sally Beauty news, Director Max R. Rangel bought 3,500 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was acquired at an average price of $14.07 per share, with a total value of $49,245.00. Following the completion of the acquisition, the director directly owned 3,500 shares of the company's stock, valued at $49,245. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diana Sue Ferguson acquired 2,500 shares of the company's stock in a transaction on Thursday, August 7th. The stock was purchased at an average cost of $12.02 per share, for a total transaction of $30,050.00. Following the completion of the transaction, the director owned 7,912 shares in the company, valued at approximately $95,102.24. The trade was a 46.19% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 10,500 shares of company stock valued at $132,125 in the last 90 days. 1.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors have recently made changes to their positions in SBH. Osaic Holdings Inc. increased its position in Sally Beauty by 1,365.0% during the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 2,730 shares during the period. Golden State Wealth Management LLC raised its position in shares of Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after buying an additional 1,735 shares in the last quarter. Raymond James Financial Inc. bought a new position in Sally Beauty in the second quarter valued at about $34,000. Parallel Advisors LLC increased its holdings in Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 3,304 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock valued at $43,000 after purchasing an additional 4,200 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.