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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been given an average rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $12.70.

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

Institutional Investors Weigh In On Sally Beauty

A number of large investors have recently added to or reduced their stakes in SBH. Federated Hermes Inc. raised its holdings in Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 2,012 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 3,304 shares during the period. GAMMA Investing LLC raised its stake in Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 4,200 shares in the last quarter. R Squared Ltd bought a new stake in Sally Beauty during the fourth quarter worth about $56,000. Finally, KBC Group NV grew its stake in 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 buying an additional 2,764 shares in the last quarter.

Sally Beauty Stock Performance

Shares of SBH stock opened at $8.01 on Monday. The stock has a market cap of $816.65 million, a P/E ratio of 4.80 and a beta of 1.35. The company has a fifty day moving average price of $8.91 and a two-hundred day moving average price of $11.09. Sally Beauty has a one year low of $7.54 and a one year high of $14.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. As a group, equities analysts predict that Sally Beauty will post 1.81 EPS for the current year.

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.