Sally Beauty Holdings, Inc. (NYSE:SBH) Given Average Rating of “Hold” by Analysts

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.00.

Several equities analysts have recently weighed in on SBH shares. TD Cowen lifted their target price on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. StockNews.com lowered Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday, November 15th. DA Davidson boosted their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Morgan Stanley raised their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $13.08 on Friday. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The stock has a fifty day simple moving average of $13.02 and a two-hundred day simple moving average of $11.92. Sally Beauty has a 1-year low of $9.06 and a 1-year high of $14.36. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 9.08 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts anticipate that Sally Beauty will post 1.73 earnings per share for the current year.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in Sally Beauty in the second quarter valued at approximately $11,796,000. Dimensional Fund Advisors LP increased its holdings in shares of Sally Beauty by 34.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after buying an additional 833,720 shares during the last quarter. Millennium Management LLC raised its position in shares of Sally Beauty by 945.0% during the 2nd quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock valued at $9,099,000 after buying an additional 766,815 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in shares of Sally Beauty by 96.8% during the 1st quarter. Invenomic Capital Management LP now owns 1,223,728 shares of the specialty retailer’s stock worth $15,199,000 after acquiring an additional 601,903 shares during the last quarter. Finally, FMR LLC grew its position in Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after acquiring an additional 387,736 shares in the last quarter.

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.