Sally Beauty (NYSE:SBH) Reaches New 12-Month High - What's Next?

Key Points

• Sally Beauty Holdings, Inc. reached a new **52-week high** of $15.93, with a last trade of $15.80 and a trading volume of **256,911 shares**.
• Recent analyst ratings for the stock vary, with **Canaccord Genuity** setting a new price target of **$19.00** while maintaining a "buy" rating, while **Wall Street Zen** downgraded it to a "hold".
• Following its latest quarterly results, Sally Beauty reported an **EPS of $0.51**, exceeding estimates and boasting a **return on equity of 28.11%**, despite a **1.0% year-over-year revenue decline**.

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $15.93 and last traded at $15.80, with a volume of 256911 shares. The stock had previously closed at $15.51.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Canaccord Genuity Group boosted their price objective on Sally Beauty from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. TD Cowen boosted their price objective on Sally Beauty from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Zacks Research raised Sally Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Finally, Cowen reissued a "buy" rating on shares of Sally Beauty in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $13.88.

Sally Beauty Stock Performance

The company has a market capitalization of $1.57 billion, a P/E ratio of 8.55 and a beta of 1.38. The firm has a 50 day moving average price of $13.02 and a two-hundred day moving average price of $10.28. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The business had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.Sally Beauty's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. Sally Beauty has set its FY 2025 guidance at EPS. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sally Beauty news, Director Max R. Rangel purchased 3,500 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were acquired at an average cost of $14.07 per share, for a total transaction of $49,245.00. Following the transaction, the director directly owned 3,500 shares in the company, valued at approximately $49,245. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Diana Sue Ferguson purchased 2,500 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price 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 $95,102.24. The trade was a 46.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,500 shares of company stock worth $132,125 in the last three months. Insiders own 1.56% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in Sally Beauty by 1,365.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer's stock worth $27,000 after buying an additional 2,730 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Sally Beauty by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock worth $31,000 after buying an additional 1,735 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Sally Beauty during the 2nd quarter worth $34,000. Parallel Advisors LLC lifted its holdings in Sally Beauty by 536.4% during the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after buying an additional 3,304 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock worth $43,000 after buying 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.

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