Analysts Set Sally Beauty Holdings, Inc. (NYSE:SBH) Price Target at $12.70

Sally Beauty Holdings, Inc. (NYSE:SBH) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.70.

Several research firms recently weighed in on SBH. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective on the stock. DA Davidson reduced their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley lowered their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th.

Sally Beauty Stock Up 2.5 %

SBH stock opened at $8.88 on Thursday. The firm has a 50-day moving average price of $9.73 and a 200-day moving average price of $11.59. Sally Beauty has a 12 month low of $8.25 and a 12 month high of $14.79. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $904.84 million, a P/E ratio of 5.31 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS 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 net margin of 4.73% and a return on equity of 30.35%. As a group, equities research analysts anticipate that Sally Beauty will post 1.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after buying an additional 2,012 shares during the last quarter. Quarry LP raised its position in shares of 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 in the last quarter. R Squared Ltd acquired a new position in shares of Sally Beauty in the 4th quarter valued at about $56,000. KBC Group NV boosted its position in shares of Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Sally Beauty during the third quarter worth approximately $64,000.

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.