Sally Beauty (NYSE:SBH) PT Lowered to $13.00

Sally Beauty (NYSE:SBH) had its price target lowered by analysts at Piper Sandler from $14.00 to $13.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Piper Sandler’s price target would indicate a potential upside of 18.61% from the company’s current price.

Separately, TD Cowen cut their target price on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.25.

Sally Beauty Stock Down 0.9 %

SBH stock opened at $10.96 on Thursday. The company has a current ratio of 1.99, a quick ratio of 0.37 and a debt-to-equity ratio of 1.78. The company has a market cap of $1.13 billion, a P/E ratio of 7.46 and a beta of 1.54. The company’s 50-day moving average price is $10.98 and its 200 day moving average price is $11.75. Sally Beauty has a 52 week low of $7.21 and a 52 week high of $13.91.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $908.36 million for the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, research analysts expect that Sally Beauty will post 1.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors have recently modified their holdings of SBH. Wasatch Advisors LP acquired a new position in shares of Sally Beauty in the fourth quarter valued at approximately $42,433,000. Victory Capital Management Inc. raised its position in shares of Sally Beauty by 8,891.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,804,102 shares of the specialty retailer’s stock valued at $37,238,000 after buying an additional 2,772,915 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Sally Beauty by 53.6% in the fourth quarter. Schroder Investment Management Group now owns 5,532,978 shares of the specialty retailer’s stock valued at $73,478,000 after buying an additional 1,931,188 shares during the last quarter. Polaris Capital Management LLC grew its holdings in Sally Beauty by 56.5% in the fourth quarter. Polaris Capital Management LLC now owns 2,712,129 shares of the specialty retailer’s stock valued at $36,017,000 after purchasing an additional 979,271 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Sally Beauty by 6.0% in the third quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock valued at $115,075,000 after purchasing an additional 780,329 shares during the period.

Sally Beauty Company Profile

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.