Sally Beauty (NYSE:SBH) Now Covered by Analysts at TD Cowen

Equities researchers at TD Cowen assumed coverage on shares of Sally Beauty (NYSE:SBH) in a research report issued to clients and investors on Friday, Zacks reports. The firm set a “strong-buy” rating on the specialty retailer’s stock.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

Sally Beauty Stock Performance

NYSE SBH opened at $18.19 on Friday. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The firm’s fifty day moving average price is $16.54 and its two-hundred day moving average price is $15.08. Sally Beauty has a 1 year low of $11.54 and a 1 year high of $18.48. The firm has a market capitalization of $1.70 billion, a P/E ratio of 9.47 and a beta of 1.03.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The firm had revenue of $935.49 million during the quarter, compared to analysts’ expectations of $938.45 million. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. As a group, research analysts anticipate that Sally Beauty will post 2.07 EPS for the current year.

Institutional Investors Weigh In On Sally Beauty

Hedge funds have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. boosted its position in Sally Beauty by 40.1% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 7,739 shares of the specialty retailer’s stock worth $127,000 after purchasing an additional 2,214 shares during the period. Access Investment Management LLC raised its position in shares of Sally Beauty by 1.3% in the third quarter. Access Investment Management LLC now owns 574,104 shares of the specialty retailer’s stock valued at $9,427,000 after purchasing an additional 7,380 shares during the period. Signaturefd LLC raised its position in shares of Sally Beauty by 101.9% in the third quarter. Signaturefd LLC now owns 5,802 shares of the specialty retailer’s stock valued at $95,000 after purchasing an additional 2,929 shares during the period. RWC Asset Management LLP acquired a new stake in shares of Sally Beauty during the 3rd quarter worth about $165,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sally Beauty during the 3rd quarter worth about $210,000.

About Sally Beauty

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. Through its Sally Beauty and CosmoProf businesses, the company serves both individual consumers and salon professionals with products including hair color, hair care, styling products, skin care, nail care, beauty accessories and salon equipment.

Sally Beauty stores primarily target consumers and offer a broad selection of branded and private-label beauty products. CosmoProf serves licensed beauty professionals and salons, providing professional-use products, tools, furnishings and education-related resources.