Sally Beauty (NYSE:SBH) Shares Gap Down - Here's What Happened

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $9.29, but opened at $8.99. Sally Beauty shares last traded at $8.87, with a volume of 135,043 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on SBH shares. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday. DA Davidson reduced their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.70.

Sally Beauty Trading Down 0.6%

The firm has a market capitalization of $884.34 million, a PE ratio of 5.25 and a beta of 1.33. The stock's 50-day moving average price is $8.52 and its 200 day moving average price is $10.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Sally Beauty's revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. On average, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Sally Beauty by 4.4% during the first quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer's stock valued at $117,164,000 after buying an additional 546,267 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sally Beauty by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock valued at $42,316,000 after buying an additional 459,972 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in Sally Beauty by 5.6% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer's stock valued at $42,037,000 after buying an additional 214,108 shares during the period. Victory Capital Management Inc. increased its holdings in 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 valued at $36,242,000 after buying an additional 342,225 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $25,906,000 after buying an additional 263,269 shares during the period.

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.