Sally Beauty (NYSE:SBH) Hits New 1-Year Low – Here’s What Happened

Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $8.50 and last traded at $8.52, with a volume of 1133995 shares changing hands. The stock had previously closed at $9.00.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SBH. Canaccord Genuity Group started coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective on the stock. Morgan Stanley cut their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. DA Davidson dropped their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Trading Up 1.2 %

The business has a 50-day moving average of $9.86 and a 200-day moving average of $11.67. The stock has a market capitalization of $877.42 million, a price-to-earnings ratio of 5.15 and a beta of 1.54. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. As a group, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Institutional Investors Weigh In On Sally Beauty

Hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Sally Beauty during the 4th quarter valued at approximately $1,600,000. PharVision Advisers LLC acquired a new stake in shares of Sally Beauty during the fourth quarter worth $523,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sally Beauty by 19.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer’s stock valued at $3,071,000 after buying an additional 47,246 shares during the period. Voloridge Investment Management LLC raised its position in Sally Beauty by 33.4% during the 4th quarter. Voloridge Investment Management LLC now owns 926,701 shares of the specialty retailer’s stock worth $9,684,000 after buying an additional 232,253 shares during the last quarter. Finally, Woodline Partners LP lifted its stake in shares of Sally Beauty by 9.9% in the 4th quarter. Woodline Partners LP now owns 524,463 shares of the specialty retailer’s stock worth $5,481,000 after acquiring an additional 47,145 shares during the period.

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.