Sally Beauty (NYSE:SBH) Trading Up 7.4% - Time to Buy?

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report)'s stock price traded up 7.4% during trading on Tuesday . The company traded as high as $9.80 and last traded at $9.95. 547,929 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,832,621 shares. The stock had previously closed at $9.26.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Stock Down 0.2%

The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 0.44. The business's 50 day moving average is $8.72 and its 200-day moving average is $9.41. The company has a market cap of $990.44 million, a PE ratio of 5.52 and a beta of 1.26.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Sally Beauty had a return on equity of 29.48% and a net margin of 5.03%. The business had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. During the same period in the prior year, the firm posted $0.35 EPS. The business's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Institutional Trading of Sally Beauty

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC increased its position in Sally Beauty by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 1,735 shares during the period. Parallel Advisors LLC grew its position in Sally Beauty by 536.4% in the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock valued at $35,000 after buying an additional 3,304 shares during the last quarter. Federated Hermes Inc. increased its stake in Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after buying an additional 2,012 shares during the period. GAMMA Investing LLC raised its position 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 during the last quarter. Finally, CWM LLC lifted its stake in shares of Sally Beauty by 123.7% in the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer's stock worth $81,000 after acquiring an additional 4,948 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.