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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been given an average rating of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $12.70.

Several equities analysts have recently issued reports on the company. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley lowered their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Canaccord Genuity Group assumed coverage on Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price for the company. Finally, DA Davidson decreased their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, February 18th.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $9.61 on Friday. 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 firm has a market capitalization of $979.27 million, a P/E ratio of 5.75 and a beta of 1.55. The business has a fifty day simple moving average of $10.58 and a two-hundred day simple moving average of $12.12. Sally Beauty has a 12 month low of $8.88 and a 12 month high of $14.79.

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

Hedge Funds Weigh In On Sally Beauty

Hedge funds have recently bought and sold shares of the business. Creative Planning grew its stake in shares of Sally Beauty by 9.7% during the 3rd quarter. Creative Planning now owns 38,046 shares of the specialty retailer’s stock valued at $516,000 after purchasing an additional 3,349 shares during the period. GSA Capital Partners LLP grew its stake in shares of Sally Beauty by 3.2% during the 3rd quarter. GSA Capital Partners LLP now owns 147,407 shares of the specialty retailer’s stock valued at $2,000,000 after purchasing an additional 4,525 shares during the period. Victory Capital Management Inc. grew its stake in shares of Sally Beauty by 0.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after purchasing an additional 10,016 shares during the period. Empowered Funds LLC grew its stake in shares of Sally Beauty by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 332,400 shares of the specialty retailer’s stock valued at $4,511,000 after purchasing an additional 16,884 shares during the period. Finally, LMR Partners LLP bought a new stake in shares of Sally Beauty during the 3rd quarter valued at about $157,000.

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.