Sally Beauty Holdings, Inc. (NYSE:SBH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.20.

SBH has been the topic of a number of analyst reports. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Morgan Stanley dropped their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Canaccord Genuity Group initiated coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective on the stock. DA Davidson raised their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $16.00 in a report on Monday, November 25th.

Sally Beauty Stock Down 4.1 %

Shares of NYSE SBH opened at $10.87 on Wednesday. The stock has a market cap of $1.11 billion, a P/E ratio of 7.55 and a beta of 1.56. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. Sally Beauty has a 12-month low of $9.06 and a 12-month high of $14.79. The business’s fifty day simple moving average is $11.82 and its 200-day simple moving average is $12.25.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million. During the same period last year, the firm earned $0.42 earnings per share. Sally Beauty’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Sally Beauty will post 1.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the transaction, the insider now owns 42,431 shares of the company’s stock, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at $242,433.05. This represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hancock Whitney Corp increased its position in Sally Beauty by 1.9% during the 3rd quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock worth $552,000 after purchasing an additional 773 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Sally Beauty by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after acquiring an additional 1,395 shares in the last quarter. Quarry LP boosted its stake in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,345 shares in the last quarter. DGS Capital Management LLC boosted its stake in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock worth $618,000 after acquiring an additional 2,575 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 2,764 shares in 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.