Sally Beauty - SBH Stock Forecast, Price & News

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. This segment also provides products under third-party brands, such as Wella, Clairol, OPI, Conair, and L'Oreal, as well as exclusive-label brand merchandise. The Beauty Systems Group segment offers professional beauty products, such as hair color and care products, skin and nail care products, styling tools, and other beauty items directly to salons and salon professionals through its professional-only stores, e-commerce platforms, and sales force, as well as through franchised stores under the Armstrong McCall store name. This segment also sells products under third-party brands, such as Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico, and Olaplex. As of September 30, 2021, the company operated 4,777 stores, including 134 franchised units in the United States, Puerto Rico, Canada, Mexico, Chile, Peru, the United Kingdom, Ireland, Belgium, France, the Netherlands, Spain, and Germany. It also distributes its products through full-service/exclusive distributors, open-line distributors, direct sales, and mega-salon stores. Sally Beauty Holdings, Inc. was founded in 1964 and is headquartered in Denton, Texas.

Sally Beauty Stock Performance

Shares of NYSE:SBH opened at $15.67 on Wednesday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 7.68 and a beta of 1.38. Sally Beauty has a one year low of $11.28 and a one year high of $21.86. The business has a fifty day simple moving average of $13.20 and a 200 day simple moving average of $15.05. The company has a current ratio of 1.60, a quick ratio of 0.29 and a debt-to-equity ratio of 3.66.

Sally Beauty (NYSE:SBH - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.04). The business had revenue of $961.47 million during the quarter, compared to analyst estimates of $950.97 million. Sally Beauty had a net margin of 5.99% and a return on equity of 90.85%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. Sell-side analysts expect that Sally Beauty will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

SBH has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on Sally Beauty from $12.00 to $11.00 and set an "underweight" rating for the company in a research report on Monday, August 8th. Cowen downgraded shares of Sally Beauty from an "outperform" rating to a "market perform" rating and set a $17.00 price objective for the company. in a report on Friday, August 12th. Raymond James lowered shares of Sally Beauty from a "market perform" rating to an "underperform" rating in a research report on Wednesday, June 29th. TheStreet downgraded Sally Beauty from a "b-" rating to a "c+" rating in a research report on Thursday, June 23rd. Finally, DA Davidson dropped their price objective on Sally Beauty from $16.00 to $14.50 and set a "neutral" rating on the stock in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $16.30.