Weiss Ratings Reiterates Hold (C+) Rating for Sally Beauty (NYSE:SBH)

Key Points

• Weiss Ratings has reiterated a "hold (C+)" rating for Sally Beauty (NYSE: SBH), while other analysts have upgraded their ratings, with TD Cowen setting a new price target of $16.00 and Zacks Research moving it from "hold" to "strong buy."
• Sally Beauty's stock recently increased by 6.5% to reach $15.45 during trading, with a market cap of $1.53 billion and strong financial metrics including a return on equity of 28.11%.
• Insider trading activity reveals that Director Max R. Rangel and CEO Denise Paulonis have recently increased their stakes in the company, signaling confidence in Sally Beauty's future performance.

Sally Beauty (NYSE:SBH - Get Free Report)'s stock had its "hold (c+)" rating restated by stock analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

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

Sally Beauty Stock Up 6.5%

NYSE SBH traded up $0.95 during mid-day trading on Tuesday, reaching $15.45. 1,238,767 shares of the company's stock traded hands, compared to its average volume of 2,154,065. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $14.40 and a 200-day simple moving average of $10.87. Sally Beauty has a 1-year low of $7.54 and a 1-year high of $16.82. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 8.31 and a beta of 1.34.

Sally Beauty (NYSE:SBH - Get Free Report) last released its 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. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The company had revenue of $933.31 million for the quarter, compared to the consensus estimate of $928.78 million. During the same quarter last year, the business posted $0.45 EPS. Sally Beauty's quarterly revenue was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Sally Beauty will post 1.81 EPS for the current year.

Insider Activity at Sally Beauty

In other news, Director Max R. Rangel acquired 3,500 shares of Sally Beauty stock in a transaction that occurred on Thursday, September 4th. The stock was purchased at an average price of $14.07 per share, with a total value of $49,245.00. Following the completion of the transaction, the director owned 3,500 shares in the company, valued at approximately $49,245. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Denise Paulonis acquired 4,500 shares of Sally Beauty stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $11.74 per share, with a total value of $52,830.00. Following the transaction, the chief executive officer owned 366,865 shares of the company's stock, valued at approximately $4,306,995.10. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 10,500 shares of company stock valued at $132,125. Insiders own 1.56% of the company's stock.

Hedge Funds Weigh In On Sally Beauty

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Sally Beauty by 8,210.4% in the 1st quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer's stock valued at $384,000 after acquiring an additional 42,037 shares in the last quarter. SG Americas Securities LLC acquired a new position in Sally Beauty in the 1st quarter valued at approximately $309,000. Exchange Traded Concepts LLC acquired a new position in Sally Beauty in the 1st quarter valued at approximately $1,042,000. Golden State Wealth Management LLC raised its holdings in shares of 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 worth $31,000 after buying an additional 1,735 shares in the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Sally Beauty in the 1st quarter worth approximately $250,000.

About Sally Beauty

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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