Sally Beauty (NYSE:SBH) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Sally Beauty (NYSE:SBH) from a buy rating to a hold rating in a research report sent to investors on Friday.

A number of other research analysts have also recently weighed in on the stock. DA Davidson lifted their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley raised their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday. Finally, TD Cowen upped their price objective on shares of Sally Beauty from $13.00 to $14.00 and gave the company a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.00.

Sally Beauty Price Performance

SBH opened at $13.34 on Friday. The firm has a market capitalization of $1.37 billion, a PE ratio of 9.26 and a beta of 1.53. The business’s 50-day moving average is $13.00 and its two-hundred day moving average is $11.90. Sally Beauty has a 1 year low of $9.06 and a 1 year high of $14.36. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.40.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same period in the previous year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts anticipate that Sally Beauty will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of Sally Beauty

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in Sally Beauty by 369.3% in 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 during the period. DekaBank Deutsche Girozentrale bought a new position in Sally Beauty during the first quarter worth $64,000. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty in the 3rd quarter valued at about $64,000. Quest Partners LLC boosted its stake in Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 7,243 shares during the period. Finally, nVerses Capital LLC bought a new position in Sally Beauty during the 3rd quarter worth $94,000.

About Sally Beauty

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.