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 Up 1.0 %

NYSE:SBH opened at $13.74 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of 6.74 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 stock's 50 day simple moving average is $13.19 and its 200 day simple moving average is $15.18. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.60 and a quick ratio of 0.59.

Sally Beauty (NYSE:SBH - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.04). The business had revenue of $961.47 million for the quarter, compared to the consensus estimate of $950.97 million. Sally Beauty had a return on equity of 90.85% and a net margin of 5.99%. The firm's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. As a group, sell-side analysts forecast that Sally Beauty will post 2.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SBH shares. Cowen lowered their price objective on Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. Cowen lowered their price objective on Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. TheStreet lowered Sally Beauty from a "b-" rating to a "c+" rating in a research note on Thursday, June 23rd. Oppenheimer lowered Sally Beauty from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 5th. Finally, Raymond James lowered Sally Beauty from a "market perform" rating to an "underperform" rating in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $18.70.