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 SBH Stock opened at $15.96 on Friday. The company's fifty day simple moving average is $13.25 and its 200-day simple moving average is $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 has a 52 week low of $11.28 and a 52 week high of $21.86. The company has a market cap of $1.71 billion, a PE ratio of 7.82 and a beta of 1.38.

Sally Beauty (NYSE:SBH - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The specialty retailer reported $0.55 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.04). Sally Beauty had a net margin of 5.99% and a return on equity of 90.85%. The company had revenue of $961.47 million during the quarter, compared to analysts' expectations of $950.97 million. During the same period last year, the business earned $0.68 earnings per share. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Sally Beauty will post 2.14 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on SBH. Raymond James downgraded Sally Beauty from a "market perform" rating to an "underperform" rating in a research report on Wednesday, June 29th. Morgan Stanley lowered their target price on shares of Sally Beauty from $12.00 to $11.00 and set an "underweight" rating for the company in a report on Monday, August 8th. Oppenheimer downgraded shares of Sally Beauty from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 5th. Cowen cut 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 research note on Friday, August 12th. Finally, DA Davidson cut their target price on Sally Beauty from $16.00 to $14.50 and set a "neutral" rating on the stock in a research report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $16.30.