Sally Beauty Holdings, Inc. (NYSE:SBH) Stock Has Average Price Target of $17.40

Sally Beauty Holdings, Inc. (NYSE:SBH) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $20.40.

SBH has been the subject of a number of recent research reports. Raymond James Financial set a $18.00 price objective on Sally Beauty and gave the stock an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group upped their target price on shares of Sally Beauty from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley raised their price target on shares of Sally Beauty from $13.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday. Jefferies Financial Group set a $21.00 price target on shares of Sally Beauty and gave the stock a “hold” rating in a report on Wednesday. Finally, TD Cowen assumed coverage on shares of Sally Beauty in a research report on Friday, October 30th. They issued a “strong-buy” rating for the company.

Insider Transactions at Sally Beauty

In related news, SVP John Howard Goss, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $20.00, for a total transaction of $1,000,000.00. Following the sale, the senior vice president owned 65,484 shares in the company, valued at approximately $1,309,680. This trade represents a 43.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. First Trust Advisors LP grew its holdings in Sally Beauty by 18.9% in the 3rd quarter. First Trust Advisors LP now owns 445,387 shares of the specialty retailer’s stock valued at $7,313,000 after buying an additional 70,677 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Sally Beauty by 19.6% in the third quarter. Public Sector Pension Investment Board now owns 680,062 shares of the specialty retailer’s stock worth $10,854,000 after acquiring an additional 111,464 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Sally Beauty by 1,791.2% in the third quarter. Global Retirement Partners LLC now owns 1,721 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 1,630 shares during the last quarter. Royce & Associates LP boosted its position in shares of Sally Beauty by 2.4% in the third quarter. Royce & Associates LP now owns 140,289 shares of the specialty retailer’s stock worth $2,304,000 after acquiring an additional 3,296 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in Sally Beauty by 48.7% in the third quarter. Maryland State Retirement & Pension System now owns 20,768 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 6,805 shares during the period.

Trending Headlines about Sally Beauty

Here are a few of the latest headlines about SBH:

• Positive Sentiment: Longer-term growth indicators included 10% full-year e-commerce sales growth and expansion of the Sally Ignited concept to 80 stores. Sally Beauty: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: SVP John Howard Goss, Jr. sold 50,000 shares for $1 million, reducing his stake by 43.3%. The sale may raise concerns about insider confidence. SEC filing
• Negative Sentiment: After reaching a 52-week high on strong earnings, the stock faced profit-taking, which could temper near-term momentum. Profit-taking sends Sally Beauty lower

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $18.43 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.57 and a current ratio of 2.37. The business’s fifty day moving average price is $16.97 and its two-hundred day moving average price is $15.22. The stock has a market cap of $1.67 billion, a PE ratio of 9.08 and a beta of 1.09. Sally Beauty has a one year low of $11.54 and a one year high of $21.06.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Tuesday, November 10th. The specialty retailer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Sally Beauty had a return on equity of 24.07% and a net margin of 5.36%. The company had revenue of $952.53 million during the quarter, compared to analysts’ expectations of $950.12 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Sally Beauty has set its Q1 2027 guidance at 0.480-0.520 EPS and its FY 2027 guidance at 2.200-2.300 EPS. On average, analysts forecast that Sally Beauty will post 2.24 EPS for the current fiscal year.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc. is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution. The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources. Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.