Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $13.20 Consensus Target Price from Brokerages

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have received a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.20.

SBH has been the subject of a number of research analyst reports. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target for the company. Finally, 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.

Insider Activity

In related news, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Sally Beauty

Hedge funds and other institutional investors have recently modified their holdings of the company. Hancock Whitney Corp boosted its position in Sally Beauty by 1.9% during the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock worth $552,000 after acquiring an additional 773 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Sally Beauty by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after purchasing an additional 1,395 shares during the last quarter. Quarry LP grew its position in shares of Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares during the period. DGS Capital Management LLC increased its stake in Sally Beauty by 6.0% in the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 2,575 shares during the last quarter. Finally, KBC Group NV lifted its position in Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after buying an additional 2,764 shares during the period.

Sally Beauty Trading Down 4.1 %

SBH opened at $10.87 on Wednesday. The business has a fifty day moving average price of $11.82 and a 200 day moving average price of $12.24. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty has a 12 month low of $9.06 and a 12 month high of $14.79. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.55 and a beta of 1.56.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Sell-side analysts expect that Sally Beauty will post 1.84 earnings per share for the current fiscal year.

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.