Sally Beauty (NYSE:SBH) Hits New 52-Week Low – Should You Sell?

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) hit a new 52-week low during trading on Thursday . The company traded as low as $8.06 and last traded at $8.18, with a volume of 767711 shares traded. The stock had previously closed at $9.09.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SBH shares. DA Davidson decreased 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. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. 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 target on the stock. Finally, Morgan Stanley cut 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 note on Tuesday, January 21st. One equities research 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.70.

Sally Beauty Trading Up 3.1 %

The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The stock has a market cap of $874.26 million, a P/E ratio of 5.13 and a beta of 1.35. The company has a 50-day simple moving average of $9.40 and a 200-day simple moving average of $11.42.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. On average, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Institutional Trading of Sally Beauty

A number of large investors have recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of Sally Beauty by 369.3% during the 3rd 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 in the last quarter. Federated Hermes Inc. lifted its stake in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 2,012 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty in the third quarter valued at approximately $64,000. R Squared Ltd bought a new stake in shares of Sally Beauty during the fourth quarter worth $56,000. Finally, KBC Group NV increased its position in shares of 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 acquiring an additional 2,764 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.