Sally Beauty (NYSE:SBH) Trading 7.4% Higher - Should You Buy?

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

Analyst Ratings Changes

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

Sally Beauty Trading Up 1.3%

The company has a quick ratio of 0.44, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. The firm's 50 day simple moving average is $8.81 and its two-hundred day simple moving average is $9.40. The stock has a market cap of $1.04 billion, a P/E ratio of 5.78 and a beta of 1.26.

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

Institutional Trading of Sally Beauty

Several institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its stake in Sally Beauty by 10.4% during the first quarter. Voya Investment Management LLC now owns 44,911 shares of the specialty retailer's stock valued at $406,000 after purchasing an additional 4,237 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sally Beauty by 10.6% during the first 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 stake in Sally Beauty during the first quarter valued at $712,000. Empowered Funds LLC increased its stake in Sally Beauty by 3.0% during the first 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. Finally, Great Lakes Advisors LLC grew its position in shares of Sally Beauty by 156.2% during the first quarter. Great Lakes Advisors LLC now owns 665,624 shares of the specialty retailer's stock worth $6,011,000 after acquiring an additional 405,801 shares during 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.