Sally Beauty (NYSE:SBH) Trading Up 3.9% – Should You Buy?

Sally Beauty Holdings, Inc. (NYSE:SBH)’s share price shot up 3.9% during trading on Monday . The stock traded as high as $9.76 and last traded at $9.68. 1,382,137 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 1,574,475 shares. The stock had previously closed at $9.31.

Analyst Upgrades and Downgrades

SBH has been the topic of a number of recent research reports. Canaccord Genuity Group started coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price target on the stock. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their price target on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, DA Davidson reduced their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.70.

Sally Beauty Stock Down 3.7 %

The stock’s 50-day moving average price is $10.16 and its 200-day moving average price is $11.88. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The stock has a market cap of $926.35 million, a price-to-earnings ratio of 5.44 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. On average, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Institutional Investors Weigh In On Sally Beauty

Several institutional investors and hedge funds have recently made changes to their positions in SBH. Hancock Whitney Corp lifted its stake in Sally Beauty by 1.9% in the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 773 shares during the period. Corient Private Wealth LLC increased its stake in shares of Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock valued at $200,000 after acquiring an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Sally Beauty by 8.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 1,090 shares during the period. Federated Hermes Inc. lifted its position in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 2,012 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sally Beauty by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer’s stock worth $612,000 after acquiring an additional 2,137 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.